Siemens (OTCMKTS:SIEGY) Shares Gap Down – Here’s What Happened

Siemens AG (OTCMKTS:SIEGY) gapped down before the market opened on Tuesday . The stock had previously closed at $149.21, but opened at $138.89. Siemens shares last traded at $138.34, with a volume of 51,353 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have commented on SIEGY. Evercore began coverage on shares of Siemens in a report on Monday, December 15th. They set an “outperform” rating on the stock. Barclays reiterated an “underweight” rating on shares of Siemens in a research note on Wednesday, December 3rd. Citigroup reaffirmed a “buy” rating on shares of Siemens in a report on Friday. Santander upgraded Siemens from a “neutral” rating to an “outperform” rating in a research note on Wednesday, February 4th. Finally, Zacks Research upgraded Siemens from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 15th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Siemens Stock Performance

The firm has a market cap of $224.38 billion, a PE ratio of 24.81 and a beta of 1.25. The company has a 50 day simple moving average of $146.10 and a 200-day simple moving average of $139.61. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.37 and a quick ratio of 1.15.

Siemens (OTCMKTS:SIEGY) last announced its quarterly earnings data on Thursday, February 12th. The technology company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.23. The company had revenue of $22.70 billion during the quarter, compared to analysts’ expectations of $18.95 billion. Siemens had a net margin of 9.93% and a return on equity of 12.37%. As a group, equities research analysts anticipate that Siemens AG will post 6.59 EPS for the current year.

About Siemens

Siemens AG is a German multinational conglomerate headquartered in Munich that develops and sells infrastructure and industrial technology. The company’s activities cover a broad range of engineering and technology solutions, including industrial automation and control systems, software for product lifecycle and factory automation, building and energy management systems, and transportation solutions such as rolling stock and rail signaling. Siemens serves industrial, commercial and public-sector customers with products and turnkey systems as well as lifecycle services and digital solutions.

Siemens operates through multiple business units that emphasize digitalization, electrification and automation across industries.