Siemens Energy (OTCMKTS:SMNEY) Reaches New 52-Week High - Here's What Happened

Siemens Energy AG (OTCMKTS:SMNEY - Get Free Report)'s share price hit a new 52-week high on Tuesday . The company traded as high as $74.44 and last traded at $70.96, with a volume of 233324 shares traded. The stock had previously closed at $72.86.

Analysts Set New Price Targets

SMNEY has been the topic of a number of analyst reports. UBS Group cut Siemens Energy from a "hold" rating to a "strong sell" rating in a research report on Monday, January 20th. Morgan Stanley reissued an "overweight" rating on shares of Siemens Energy in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Siemens Energy in a research report on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy".

Siemens Energy Stock Up 2.0 %

The company's 50-day moving average is $62.79 and its 200-day moving average is $55.10. The stock has a market capitalization of $62.06 billion and a price-to-earnings ratio of -369.71.

Siemens Energy (OTCMKTS:SMNEY - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.24 earnings per share (EPS) for the quarter. Sell-side analysts anticipate that Siemens Energy AG will post 0.24 EPS for the current year.

About Siemens Energy

Siemens Energy AG operates as an energy technology company worldwide. It operates through Gas Services, Grid Technologies, Transformation of Industry, and Siemens Gamesa segments. The company provides gas and steam turbines, generators, and heat pumps, as well as performance enhancement, maintenance, customer training, and professional consulting services for central and distributed power generation; and high voltage direct current transmission systems, offshore windfarm grid connections, transformers, flexible alternating current transmission systems, high voltage substations, air and gas-insulated switchgears, digital grid solutions and components, and storage solutions.