Siemens Aktiengesellschaft (OTCMKTS:SIEGY) Hits New 1-Year High – Here’s Why

Siemens Aktiengesellschaft (OTCMKTS:SIEGY)’s share price hit a new 52-week high on Friday . The stock traded as high as $103.57 and last traded at $103.15, with a volume of 88975 shares trading hands. The stock had previously closed at $100.51.

Wall Street Analysts Forecast Growth

SIEGY has been the subject of a number of research reports. Bank of America cut shares of Siemens Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 19th. Hsbc Global Res upgraded Siemens Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, Citigroup raised Siemens Aktiengesellschaft to a “strong-buy” rating in a research report on Wednesday, October 2nd.

Siemens Aktiengesellschaft Trading Up 2.6 %

The company has a debt-to-equity ratio of 0.73, a current ratio of 1.40 and a quick ratio of 1.15. The firm has a market cap of $165.04 billion, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 2.42 and a beta of 1.28. The business’s 50-day moving average price is $98.44 and its two-hundred day moving average price is $95.95.

Siemens Aktiengesellschaft 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.