SMA Solar Technology (ETR:S92) Shares Up 5.2% – Here’s What Happened

SMA Solar Technology AG (ETR:S92)’s share price shot up 5.2% during mid-day trading on Wednesday . The stock traded as high as €34.90 and last traded at €34.10. 167,829 shares were traded during mid-day trading, an increase of 52% from the average session volume of 110,058 shares. The stock had previously closed at €32.42.

SMA Solar Technology Stock Performance

The company has a market capitalization of $1.24 billion, a P/E ratio of 15.54, a P/E/G ratio of 13.06 and a beta of 1.36. The firm’s fifty day moving average is €35.13 and its 200 day moving average is €27.85.

SMA Solar Technology Company Profile

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.