Siemens Energy (OTCMKTS:SMNEY) Stock Price Up 2.5% – Here’s What Happened

Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY)’s share price shot up 2.5% during trading on Tuesday . The company traded as high as $176.73 and last traded at $175.64. 174,000 shares changed hands during mid-day trading, The stock had previously closed at $171.35.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. UBS Group raised Siemens Energy from a “strong sell” rating to a “buy” rating in a report on Friday, January 23rd. Zacks Research cut Siemens Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Morgan Stanley reissued an “overweight” rating on shares of Siemens Energy in a report on Monday, December 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Siemens Energy in a research note on Thursday, January 29th. Finally, Evercore assumed coverage on shares of Siemens Energy in a report on Monday, December 15th. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Siemens Energy Stock Up 2.5%

The firm has a market capitalization of $150.23 billion, a PE ratio of 71.98 and a beta of 2.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.90 and a quick ratio of 0.63. The company has a 50-day moving average price of $173.38 and a 200 day moving average price of $143.96.

Siemens Energy (OTCMKTS:SMNEY) last released its earnings results on Wednesday, February 11th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.06. Siemens Energy had a return on equity of 18.48% and a net margin of 4.75%.The firm had revenue of $11.26 billion during the quarter, compared to analysts’ expectations of $11.95 billion. Analysts forecast that Siemens Energy AG Unsponsored ADR will post 0.24 earnings per share for the current year.

Siemens Energy Company Profile

Siemens Energy AG is a global energy technology company headquartered in Germany that provides equipment, systems and services across the power generation and transmission value chains. Established as an independent public company through a spin-off of Siemens AG’s energy businesses in 2020, Siemens Energy draws on a long industrial heritage to design, manufacture and service technologies used by utilities, industrial customers and the oil and gas sector.

The company’s product and service portfolio includes gas and steam turbines, generators, transformers and high-voltage transmission equipment as well as grid connection and power-conversion systems.