Siemens Energy (OTCMKTS:SMNEY) Stock Price Down 4.3% - What's Next?

Key Points

• Siemens Energy's stock declined 4.3% on Wednesday, with trading volume dropping to nearly 87% below its average, indicating reduced investor interest.
• Analysts have recently upgraded Siemens Energy to "strong-buy" ratings, reflecting growing confidence in the company's performance.
• The company reported an earnings per share (EPS) of $0.79, significantly above consensus estimates, suggesting strong financial performance despite recent stock price declines.

Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY - Get Free Report) shares were down 4.3% during mid-day trading on Wednesday . The company traded as low as $107.11 and last traded at $107.17. Approximately 29,643 shares traded hands during trading, a decline of 87% from the average daily volume of 225,938 shares. The stock had previously closed at $112.03.

Wall Street Analyst Weigh In

Several research firms have weighed in on SMNEY. Hsbc Global Res upgraded Siemens Energy to a "strong-buy" rating in a report on Friday, September 5th. Zacks Research upgraded Siemens Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 1st. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Siemens Energy in a research note on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy".

Siemens Energy Stock Down 0.1%

The firm's 50-day simple moving average is $110.34 and its 200 day simple moving average is $92.61. The company has a market cap of $89.42 billion, a P/E ratio of 94.81, a PEG ratio of 1.55 and a beta of 2.06. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.90.

Siemens Energy (OTCMKTS:SMNEY - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.31 by $0.48. Siemens Energy had a net margin of 2.50% and a return on equity of 9.57%. The company had revenue of $11.06 billion during the quarter, compared to analysts' expectations of $10.64 billion. On average, research analysts forecast 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.