Siemens (OTCMKTS:SIEGY) Shares Cross Above 200 Day Moving Average - Here's What Happened

Key Points

• Siemens AG's stock crossed above its 200-day moving average, reaching a high of $134.77 before last trading at $134.60.
• Analysts have mixed views on Siemens; while one analyst maintains a "Strong Buy" rating, seven have issued a "Hold" rating, reflecting uncertainty.
• Siemens reported an EPS of $1.44 for the last quarter, exceeding expectations, along with a revenue of $22.52 billion, significantly above the consensus estimate.

Siemens AG (OTCMKTS:SIEGY - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $123.64 and traded as high as $134.77. Siemens shares last traded at $134.60, with a volume of 107,582 shares changing hands.

Analysts Set New Price Targets

SIEGY has been the topic of several analyst reports. Sanford C. Bernstein downgraded shares of Siemens from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 2nd. Santander downgraded shares of Siemens to a "neutral" rating in a report on Wednesday, September 3rd. Morgan Stanley reiterated an "overweight" rating on shares of Siemens in a report on Wednesday, July 30th. Barclays reiterated an "underweight" rating on shares of Siemens in a report on Thursday, July 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Siemens in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold".

Siemens Trading Down 1.0%

The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.24 and a current ratio of 1.50. The company's fifty day simple moving average is $132.68 and its 200-day simple moving average is $123.64. The company has a market capitalization of $215.36 billion, a P/E ratio of 19.94, a PEG ratio of 2.74 and a beta of 1.17.

Siemens (OTCMKTS:SIEGY - Get Free Report) last announced its earnings results on Thursday, August 7th. The technology company reported $1.44 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.16. The business had revenue of $22.52 billion during the quarter, compared to the consensus estimate of $19.17 billion. Siemens had a net margin of 12.59% and a return on equity of 12.61%. Research analysts predict that Siemens AG will post 6.59 earnings per share for the current 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.

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