Siemens (OTCMKTS:SIEGY) Shares Gap Up – Here’s Why

by · The Cerbat Gem

Siemens AG (OTCMKTS:SIEGY – Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $136.20, but opened at $140.1899. Siemens shares last traded at $140.6899, with a volume of 21,418 shares traded.

Wall Street Analysts Forecast Growth

SIEGY has been the topic of several research reports. Morgan Stanley downgraded shares of Siemens from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 14th. Santander cut shares of Siemens to a “neutral” rating in a report on Wednesday, September 3rd. Zacks Research lowered Siemens from a “hold” rating to a “strong sell” rating in a research note on Monday, October 27th. Sanford C. Bernstein lowered Siemens from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 2nd. Finally, Erste Group Bank downgraded shares of Siemens from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Six investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Siemens currently has a consensus rating of “Reduce”.

View Our Latest Stock Analysis on SIEGY

Siemens Trading Up 3.2%

The business’s 50 day moving average price is $137.61 and its two-hundred day moving average price is $132.94. The company has a market capitalization of $224.88 billion, a price-to-earnings ratio of 21.17, a P/E/G ratio of 3.05 and a beta of 1.24. The company has a current ratio of 1.50, a quick ratio of 1.24 and a debt-to-equity ratio of 0.70.

Siemens (OTCMKTS:SIEGY – Get Free Report) last posted its earnings results on Thursday, November 13th. The technology company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.39). Siemens had a return on equity of 11.87% and a net margin of 12.05%.The company had revenue of $24.94 billion for the quarter, compared to the consensus estimate of $21.49 billion. Siemens has set its FY 2026 guidance at 6.080-6.430 EPS. On average, equities analysts predict that Siemens AG will post 6.59 earnings per share for the current fiscal year.

About Siemens

(Get Free Report)

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.

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