SMA Solar Technology (ETR:S92) Shares Down 3.9% – Here’s Why

SMA Solar Technology AG (ETR:S92)’s stock price fell 3.9% on Tuesday . The stock traded as low as €55.35 and last traded at €57.80. 133,973 shares were traded during trading, an increase of 22% from the average session volume of 110,058 shares. The stock had previously closed at €60.15.

SMA Solar Technology Price Performance

The stock’s 50 day moving average price is €58.76 and its 200-day moving average price is €45.05. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 25.73. The stock has a market capitalization of $1.96 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of 13.06 and a beta of 0.81.

SMA Solar Technology Company Profile

SMA Solar Technology AG, together with its subsidiaries, engages in development, production, and sale of PV and battery inverters, transformers, chokes, monitoring systems for PV systems, and charging solutions for electric vehicles in Germany and internationally. It operates through Home Solutions, Commercial and Industrial Solutions, and Large Scale and Project Solutions segments. The company offers string and central solar inverters for various module types; battery inverters for high voltage batteries, on- and off- grid applications, commercial and industrial storage solutions, large scale storage solutions, and accessories; medium-voltage technology products; and DC-DC converters.