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

Siemens AG (OTCMKTS:SIEGY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $149.21, but opened at $138.89. Siemens shares last traded at $138.34, with a volume of 51,353 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have commented on SIEGY. Santander raised Siemens from a “neutral” rating to an “outperform” rating in a research note on Wednesday, February 4th. Kepler Capital Markets lowered shares of Siemens from a “hold” rating to a “reduce” rating in a report on Tuesday, January 27th. Erste Group Bank downgraded shares of Siemens from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Barclays reissued an “underweight” rating on shares of Siemens in a research note on Wednesday, December 3rd. Finally, Citigroup restated a “buy” rating on shares of Siemens in a research report on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Siemens Trading Down 1.8%

The business’s 50 day simple moving average is $146.34 and its 200-day simple moving average is $139.75. The stock has a market capitalization of $226.27 billion, a P/E ratio of 25.02 and a beta of 1.25. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.37 and a quick ratio of 1.15.

Siemens (OTCMKTS:SIEGY) last announced its quarterly earnings data on Thursday, February 12th. The technology company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.23. Siemens had a return on equity of 12.37% and a net margin of 9.93%.The business had revenue of $22.70 billion during the quarter, compared to analysts’ expectations of $18.95 billion. As a group, analysts forecast that Siemens AG will post 6.59 EPS for the current year.

Siemens Company Profile

Siemens AG is a German multinational conglomerate headquartered in Munich that develops and sells infrastructure and industrial technology. The company’s activities cover a broad range of engineering and technology solutions, including industrial automation and control systems, software for product lifecycle and factory automation, building and energy management systems, and transportation solutions such as rolling stock and rail signaling. Siemens serves industrial, commercial and public-sector customers with products and turnkey systems as well as lifecycle services and digital solutions.

Siemens operates through multiple business units that emphasize digitalization, electrification and automation across industries.