Siemens Energy (OTCMKTS:SMNEY) Shares Down 4.7% - Time to Sell?

Key Points

• Siemens Energy's stock price fell by 4.7% to $115.96 during trading, with volume significantly down at 30,066 shares, compared to an average of 244,438 shares.
• Morgan Stanley maintains an "overweight" rating on Siemens Energy shares, indicating a positive outlook despite the stock's recent decline.
• In its latest quarterly earnings, Siemens Energy reported $0.79 earnings per share, exceeding expectations, along with revenue of $11.06 billion, which also surpassed analyst forecasts.

Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY - Get Free Report)'s stock price dropped 4.7% during trading on Wednesday . The company traded as low as $115.44 and last traded at $115.96. Approximately 30,066 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 244,438 shares. The stock had previously closed at $121.65.

Wall Street Analyst Weigh In

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

Siemens Energy Stock Performance

The company has a quick ratio of 0.63, a current ratio of 0.93 and a debt-to-equity ratio of 0.28. The stock has a 50 day simple moving average of $108.07 and a 200 day simple moving average of $82.83. The company has a market capitalization of $92.83 billion, a price-to-earnings ratio of 98.42, a P/E/G ratio of 1.60 and a beta of 2.15.

Siemens Energy (OTCMKTS:SMNEY - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.48. The company had revenue of $11.06 billion for the quarter, compared to analysts' expectations of $10.64 billion. Siemens Energy had a return on equity of 9.86% and a net margin of 2.50%. As a group, analysts anticipate that Siemens Energy AG Unsponsored ADR will post 0.24 earnings per share for the current fiscal year.

Siemens Energy Company Profile

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.

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