Siemens Energy (OTCMKTS:SMNEY) Shares Gap Up – Should You Buy?

Shares of Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY) gapped up prior to trading on Thursday . The stock had previously closed at $134.56, but opened at $142.10. Siemens Energy shares last traded at $140.94, with a volume of 9,403 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SMNEY shares. Citigroup reaffirmed a “neutral” rating on shares of Siemens Energy in a report on Thursday, October 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Siemens Energy in a research note on Friday, November 21st. Morgan Stanley reissued an “overweight” rating on shares of Siemens Energy in a research note on Monday, December 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Siemens Energy in a research report on Friday, November 14th. Finally, Evercore ISI assumed coverage on shares of Siemens Energy in a research report on Monday. They issued an “outperform” rating on the stock. Three analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Siemens Energy presently has an average rating of “Moderate Buy”.

Siemens Energy Stock Performance

The stock has a market cap of $112.01 billion, a P/E ratio of 79.17 and a beta of 1.94. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.90 and a quick ratio of 0.63. The stock’s 50 day simple moving average is $127.29 and its two-hundred day simple moving average is $115.83.

Siemens Energy Company Profile

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.