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Siemens (OTCMKTS:SIEGY) Reaches New 12-Month High - Here's What Happened

Siemens logo with Industrials background

Siemens AG (OTCMKTS:SIEGY - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $133.41 and last traded at $133.29, with a volume of 8007 shares traded. The stock had previously closed at $129.92.

Analysts Set New Price Targets

A number of research analysts have recently commented on SIEGY shares. Barclays reissued an "underweight" rating on shares of Siemens in a research report on Thursday, July 10th. Wall Street Zen cut shares of Siemens from a "buy" rating to a "hold" rating in a research report on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Siemens presently has an average rating of "Hold".

Check Out Our Latest Analysis on SIEGY

Siemens Price Performance

The firm's 50 day moving average price is $126.10 and its two-hundred day moving average price is $117.49. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.19 and a quick ratio of 0.98. The stock has a market cap of $211.97 billion, a PE ratio of 20.01, a P/E/G ratio of 2.43 and a beta of 1.17.

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. The business had revenue of $22.15 billion for the quarter, compared to the consensus estimate of $19.28 billion. Siemens had a net margin of 12.61% and a return on equity of 13.19%. On average, research analysts expect that Siemens AG will post 6.59 earnings per share for the current year.

About Siemens

(Get Free Report)

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.

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