Siemens Energy (OTCMKTS:SMNEY) Trading Down 4.7% - Here's What Happened

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 mid-day trading on Wednesday . The company traded as low as $115.44 and last traded at $115.96. Approximately 30,066 shares were traded during trading, a decline of 88% from the average daily volume of 244,438 shares. The stock had previously closed at $121.65.

Analyst Upgrades and Downgrades

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

Siemens Energy Stock Performance

The business's 50 day simple moving average is $109.14 and its two-hundred day simple moving average is $84.60. The firm has a market capitalization of $90.38 billion, a P/E ratio of 95.82, a price-to-earnings-growth ratio of 1.54 and a beta of 2.15. The company has a current ratio of 0.93, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28.

Siemens Energy (OTCMKTS:SMNEY - Get Free Report) last announced its quarterly earnings results 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. Siemens Energy had a net margin of 2.50% and a return on equity of 9.86%. The company had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $10.64 billion. Sell-side analysts anticipate that Siemens Energy AG Unsponsored ADR will post 0.24 EPS 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.