Siemens Energy (OTCMKTS:SMNEY) Shares Down 2.5% - Time to Sell?

Key Points

• Siemens Energy AG shares fell by 2.5%, trading between $110.92 and $111.40, with an increase in trading volume of 9% from the average.
• Despite the dip in stock price, Morgan Stanley has reaffirmed an "overweight" rating, indicating confidence in the company's growth potential.
• In its latest earnings report, Siemens Energy reported an EPS of $0.79, significantly above the expected $0.31, hinting at strong financial performance.

Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY - Get Free Report) fell 2.5% during trading on Friday . The stock traded as low as $110.92 and last traded at $111.40. 127,087 shares changed hands during mid-day trading, an increase of 9% from the average session volume of 116,248 shares. The stock had previously closed at $114.28.

Analyst Ratings Changes

Separately, Morgan Stanley reiterated an "overweight" rating on shares of Siemens Energy in a research note on Friday, August 8th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold".

Siemens Energy Trading Up 0.7%

The company has a debt-to-equity ratio of 0.28, a current ratio of 0.93 and a quick ratio of 0.63. The company has a market cap of $86.37 billion, a price-to-earnings ratio of 91.58, a PEG ratio of 1.48 and a beta of 2.15. The business's 50-day simple moving average is $109.78 and its 200-day simple moving average is $85.28.

Siemens Energy (OTCMKTS:SMNEY - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.48. The company 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%. Research analysts predict that Siemens Energy AG Unsponsored ADR will post 0.24 earnings per share for the current fiscal 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.