SMA Solar Technology (ETR:S92) Shares Up 5.9% – Here’s Why

SMA Solar Technology AG (ETR:S92) shares shot up 5.9% on Wednesday . The company traded as high as €62.15 and last traded at €62.00. Approximately 133,657 shares changed hands during mid-day trading, an increase of 21% from the average daily volume of 110,058 shares. The stock had previously closed at €58.55.

SMA Solar Technology Stock Up 5.9%

The company has a debt-to-equity ratio of 21.34, a quick ratio of 1.01 and a current ratio of 1.39. The firm has a fifty day simple moving average of €57.05 and a 200-day simple moving average of €53.88. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 28.26, a P/E/G ratio of 13.06 and a beta of 0.81.

About SMA Solar Technology

SMA Solar Technology AG, together with its subsidiaries, engages in development, production, and sale of PV and battery inverters, transformers, chokes, monitoring systems for PV systems, and charging solutions for electric vehicles in Germany and internationally. It operates through Home Solutions, Commercial and Industrial Solutions, and Large Scale and Project Solutions segments. The company offers string and central solar inverters for various module types; battery inverters for high voltage batteries, on- and off- grid applications, commercial and industrial storage solutions, large scale storage solutions, and accessories; medium-voltage technology products; and DC-DC converters.