Siemens (OTCMKTS:SIEGY) Trading Down 1.5% - Here's Why

Key Points

• Siemens AG shares declined by 1.5%, trading at $136.55 during mid-day and showing a 33% increase in trading volume compared to the average.
• Analysts have mixed ratings for Siemens stock: one Strong Buy, one Buy, four Hold, and one Sell, with an average rating of Hold.
• Siemens reported a quarterly earnings per share of $1.44, exceeding analysts' expectations of $1.28 and achieving a net margin of 12.59%.

Shares of Siemens AG (OTCMKTS:SIEGY - Get Free Report) dropped 1.5% during mid-day trading on Monday . The company traded as low as $136.55 and last traded at $136.55. Approximately 188,758 shares changed hands during trading, an increase of 33% from the average daily volume of 141,833 shares. The stock had previously closed at $138.61.

Wall Street Analysts Forecast Growth

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

Siemens Trading Down 1.5%

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 business's 50-day moving average price is $130.16 and its two-hundred day moving average price is $122.10. The company has a market capitalization of $218.48 billion, a price-to-earnings ratio of 20.23, a P/E/G ratio of 2.58 and a beta of 1.17.

Siemens (OTCMKTS:SIEGY - Get Free Report) last released its quarterly earnings results 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. Siemens had a net margin of 12.59% and a return on equity of 13.07%. The company had revenue of $22.52 billion during the quarter, compared to the consensus estimate of $19.17 billion. Research analysts predict that Siemens AG will post 6.59 earnings per share for the current year.

Siemens Company Profile

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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