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Siemens Energy (OTCMKTS:SMNEY) Sets New 12-Month High - Time to Buy?

Siemens Energy logo with Energy background

Key Points

  • Siemens Energy shares reached a new 52-week high, trading at $120.10, indicating strong market performance.
  • Analysts at Morgan Stanley have reiterated an "overweight" rating on Siemens Energy, suggesting confidence in the stock's potential.
  • The company reported quarterly earnings of $0.79 per share, significantly beating expectations and reflecting robust financial health.
  • Want stock alerts on Siemens Energy? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY - Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as $120.10 and last traded at $120.03, with a volume of 2084 shares trading hands. The stock had previously closed at $115.45.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley restated an "overweight" rating on shares of Siemens Energy in a research report on Friday.

View Our Latest Research Report on Siemens Energy

Siemens Energy Stock Up 5.3%

The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.93. The stock has a market cap of $97.18 billion, a price-to-earnings ratio of 103.03, a PEG ratio of 1.55 and a beta of 2.15. The firm's 50-day simple moving average is $107.67 and its two-hundred day simple moving average is $82.56.

Siemens Energy (OTCMKTS:SMNEY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.48. The firm had revenue of $11.06 billion during the quarter, compared to analysts' expectations of $10.64 billion. Siemens Energy had a net margin of 2.50% and a return on equity of 9.86%. On average, sell-side analysts expect that Siemens Energy AG Unsponsored ADR will post 0.24 EPS for the current fiscal year.

Siemens Energy Company Profile

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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