Siemens Energy (OTCMKTS:SMNEY) Hits New 52-Week High – Time to Buy?

Siemens Energy AG (OTCMKTS:SMNEY) reached a new 52-week high during trading on Monday . The stock traded as high as $57.13 and last traded at $56.26, with a volume of 88550 shares traded. The stock had previously closed at $53.61.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded Siemens Energy to a “hold” rating in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Siemens Energy Trading Down 6.2 %

The company has a market cap of $41.79 billion and a PE ratio of 35.56. The business’s 50 day moving average is $50.35 and its two-hundred day moving average is $38.02.

Siemens Energy Company Profile

Siemens Energy AG operates as an energy technology company worldwide. It operates through Gas Services, Grid Technologies, Transformation of Industry, and Siemens Gamesa segments. The company provides gas and steam turbines, generators, and heat pumps, as well as performance enhancement, maintenance, customer training, and professional consulting services for central and distributed power generation; and high voltage direct current transmission systems, offshore windfarm grid connections, transformers, flexible alternating current transmission systems, high voltage substations, air and gas-insulated switchgears, digital grid solutions and components, and storage solutions.