Siemens Energy (OTCMKTS:SMNEY) Sets New 1-Year High - Here's What Happened

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.

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

Analysts Set New Price Targets

Separately, Morgan Stanley restated an "overweight" rating on shares of Siemens Energy in a research note on Friday, August 8th.

Siemens Energy Trading Down 2.5%

The company has a 50 day moving average of $108.85 and a two-hundred day moving average of $83.87. 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 capitalization of $89.04 billion, a PE ratio of 94.41, a P/E/G ratio of 1.58 and a beta of 2.15.

Siemens Energy (OTCMKTS:SMNEY - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.48. Siemens Energy had a return on equity of 9.86% and a net margin of 2.50%. The firm had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $10.64 billion. Sell-side analysts predict that Siemens Energy AG Unsponsored ADR 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.