Siemens Energy (OTCMKTS:SMNEY) Hits New 52-Week High – Time to Buy?

Shares of Siemens Energy AG (OTCMKTS:SMNEY) reached a new 52-week high on Monday . The company traded as high as $67.05 and last traded at $66.91, with a volume of 157017 shares trading hands. The stock had previously closed at $64.90.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SMNEY. UBS Group downgraded Siemens Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, January 20th. Morgan Stanley reiterated an “overweight” rating on shares of Siemens Energy in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Siemens Energy Trading Up 3.1 %

The company has a 50 day moving average price of $58.13 and a 200 day moving average price of $48.38. The company has a market capitalization of $53.48 billion and a P/E ratio of -318.62.

Siemens Energy (OTCMKTS:SMNEY) last issued its earnings results on Wednesday, February 12th. The company reported $0.24 EPS for the quarter. As a group, sell-side analysts forecast that Siemens Energy AG will post 0.24 EPS for the current fiscal year.

About Siemens Energy

Siemens Energy AG operates as an energy technology company worldwide. It operates through Gas Services, Grid Technologies, Transformation of Industry, and Siemens Gamesa segments. The company provides gas and steam turbines, generators, and heat pumps, as well as performance enhancement, maintenance, customer training, and professional consulting services for central and distributed power generation; and high voltage direct current transmission systems, offshore windfarm grid connections, transformers, flexible alternating current transmission systems, high voltage substations, air and gas-insulated switchgears, digital grid solutions and components, and storage solutions.