SMA Solar Technology (OTCMKTS:SMTGF) Stock Price Down 7.4% – What’s Next?

Shares of SMA Solar Technology AG (OTCMKTS:SMTGF) were down 7.4% during trading on Friday . The stock traded as low as $40.40 and last traded at $40.40. Approximately 263 shares changed hands during trading, a decline of 27% from the average daily volume of 360 shares. The stock had previously closed at $43.65.

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a “hold” rating on shares of SMA Solar Technology in a research note on Monday, October 27th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, SMA Solar Technology currently has a consensus rating of “Hold”.

SMA Solar Technology Stock Performance

The stock’s fifty day simple moving average is $40.50 and its two-hundred day simple moving average is $31.31.

SMA Solar Technology Company Profile

SMA Solar Technology AG is a Germany-based company specializing in the development, production and sale of photovoltaic inverters and energy management solutions for all types of solar power applications. The company’s product portfolio spans string inverters, central inverters and hybrid inverter systems designed for residential, commercial and utility-scale installations. In addition to core inverter technology, SMA offers integrated energy storage solutions, system monitoring platforms and digital services aimed at optimizing solar power generation and grid integration.

Founded in 1981 and headquartered in Niestetal near Kassel, SMA Solar Technology has grown into a global supplier with a presence in Europe, the Americas and Asia-Pacific.