Siemens (OTCMKTS:SIEGY) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Siemens AG (OTCMKTS:SIEGY) shares passed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $156.30 and traded as low as $143.03. Siemens shares last traded at $143.14, with a volume of 153,211 shares trading hands.

Analysts Set New Price Targets

SIEGY has been the subject of several research analyst reports. Evercore lowered Siemens from an “outperform” rating to a “hold” rating in a report on Friday, October 2nd. Kepler Capital Markets raised Siemens from a “strong sell” rating to a “hold” rating in a report on Friday, July 3rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Siemens in a report on Monday, August 3rd. Barclays reissued an “underweight” rating on shares of Siemens in a research note on Monday, July 6th. Finally, Erste Group Bank upgraded shares of Siemens from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Siemens Stock Down 4.1%

The business has a 50-day simple moving average of $156.30 and a 200-day simple moving average of $154.19. The company has a quick ratio of 1.18, a current ratio of 1.44 and a debt-to-equity ratio of 0.55. The stock has a market cap of $223.87 billion, a P/E ratio of 24.25, a PEG ratio of 10.09 and a beta of 1.41.

Siemens (OTCMKTS:SIEGY) last announced its earnings results on Thursday, August 6th. The technology company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.50 by $0.19. The firm had revenue of $24.02 billion for the quarter, compared to the consensus estimate of $23.57 billion. Siemens had a net margin of 9.79% and a return on equity of 11.13%. Siemens has set its FY 2026 guidance at 6.510-6.685 EPS. Analysts expect that Siemens AG will post 6.34 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Siemens stock. Ferguson Wellman Capital Management Inc. raised its position in Siemens AG (OTCMKTS:SIEGY) by 0.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 210,670 shares of the technology company’s stock after acquiring an additional 655 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Siemens were worth $33,899,000 as of its most recent SEC filing. 0.75% of the stock is currently owned by hedge funds and other institutional investors.

Siemens Company Profile

Siemens AG is a global technology company that develops products, systems and software for industry, infrastructure, mobility and healthcare. Its offerings include industrial automation and control systems, digital manufacturing software, building and energy-management technologies, electrification equipment, rail vehicles and transportation solutions.

Siemens also provides healthcare technology through Siemens Healthineers, in which it holds a majority interest. Siemens Healthineers develops medical imaging, diagnostic, cancer-care and minimally invasive treatment technologies.