Shares of Siemens AG (OTCMKTS:SMAWF) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $121.34 and traded as high as $127.45. Siemens shares last traded at $126.00, with a volume of 486 shares trading hands.
The business’s fifty day moving average is $121.34 and its two-hundred day moving average is $106.81.
A hedge fund recently raised its stake in Siemens stock. Schafer Cullen Capital Management Inc raised its position in Siemens AG (OTCMKTS:SMAWF) by 13.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,676 shares of the company’s stock after acquiring an additional 689 shares during the quarter. Schafer Cullen Capital Management Inc’s holdings in Siemens were worth $668,000 as of its most recent SEC filing.
Siemens Aktiengesellschaft operates in the fields of electrification, automation, and digitalization worldwide. Its Power and Gas segment offers gas and steam turbines, generators, compressor trains, integrated power plant solutions, and instrumentation and control systems for power generation. The company's Energy Management segment offers software, products, systems, solutions, and services for transmitting, distributing, and managing electrical power, as well as for providing intelligent power infrastructure.
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