Siemens (OTCMKTS:SIEGY) Hits New 52-Week High - Here's What Happened

Siemens AG (OTCMKTS:SIEGY - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The company traded as high as $133.28 and last traded at $132.94, with a volume of 12438 shares trading hands. The stock had previously closed at $127.48.

Analyst Upgrades and Downgrades

SIEGY has been the topic of several recent analyst reports. Royal Bank Of Canada cut shares of Siemens from a "moderate buy" rating to a "hold" rating in a report on Wednesday, March 19th. Wall Street Zen lowered shares of Siemens from a "buy" rating to a "hold" rating in a report on Wednesday, May 28th. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Siemens currently has an average rating of "Hold".

Siemens Trading Up 0.4%

The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.98 and a current ratio of 1.19. The stock has a market capitalization of $212.23 billion, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 2.38 and a beta of 1.17. The stock has a 50-day moving average price of $123.92 and a two-hundred day moving average price of $115.00.

Siemens (OTCMKTS:SIEGY - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The technology company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.27 by $0.22. Siemens had a net margin of 12.61% and a return on equity of 13.19%. The business had revenue of $22.15 billion for the quarter, compared to the consensus estimate of $19.28 billion. On average, research analysts forecast that Siemens AG will post 6.59 EPS for the current fiscal year.

About Siemens

Siemens Aktiengesellschaft, a technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia. It operates through Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, and Siemens Financial Services (SFS) segments.