Siemens (OTCMKTS:SIEGY) Share Price Passes Above Two Hundred 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.

Shares of Siemens AG (OTCMKTS:SIEGY - Get Free Report) 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 trading hands.

Wall Street Analysts Forecast Growth

SIEGY has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Siemens in a report on Tuesday, August 12th. Morgan Stanley restated an "overweight" rating on shares of Siemens in a report on Wednesday, July 30th. Barclays restated an "underweight" rating on shares of Siemens in a report on Thursday, July 10th. Wall Street Zen cut shares of Siemens from a "buy" rating to a "hold" rating in a report on Wednesday, May 28th. Finally, Santander cut shares of Siemens to a "neutral" rating in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Siemens presently has an average rating of "Hold".

Siemens Trading Up 0.9%

The company has a debt-to-equity ratio of 0.70, a current ratio of 1.50 and a quick ratio of 1.24. The company's 50 day moving average is $132.94 and its two-hundred day moving average is $124.12. The firm has a market cap of $216.80 billion, a P/E ratio of 20.07, a PEG ratio of 2.71 and a beta of 1.17.

Siemens (OTCMKTS:SIEGY - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The technology company reported $1.44 earnings per share for the quarter, beating analysts' consensus estimates of $1.28 by $0.16. The company had revenue of $22.52 billion for the quarter, compared to the consensus estimate of $19.17 billion. Siemens had a return on equity of 12.61% and a net margin of 12.59%. On average, sell-side 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.