Siemens Aktiengesellschaft (OTCMKTS:SIEGY) Stock Price Passes Below 50-Day Moving Average of $55.74

Siemens Aktiengesellschaft (OTCMKTS:SIEGYGet Rating) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $55.74 and traded as low as $55.35. Siemens Aktiengesellschaft shares last traded at $55.90, with a volume of 330,069 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SIEGY shares. JPMorgan Chase & Co. cut their price target on shares of Siemens Aktiengesellschaft from €190.00 ($195.88) to €178.00 ($183.51) and set an “overweight” rating on the stock in a report on Friday, May 13th. Barclays dropped their target price on shares of Siemens Aktiengesellschaft from €120.00 ($123.71) to €95.00 ($97.94) in a report on Friday, July 8th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Siemens Aktiengesellschaft from €175.00 ($180.41) to €170.00 ($175.26) in a report on Tuesday, May 17th. Sanford C. Bernstein lowered shares of Siemens Aktiengesellschaft from a “market perform” rating to an “underperform” rating in a research report on Monday, July 11th. Finally, UBS Group lowered their price target on shares of Siemens Aktiengesellschaft from €168.00 ($173.20) to €153.00 ($157.73) and set a “buy” rating for the company in a research report on Monday, May 16th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $156.22.

Siemens Aktiengesellschaft Stock Up 1.9 %

The stock’s 50-day moving average is $55.74 and its 200-day moving average is $64.66. The stock has a market cap of $95.03 billion, a P/E ratio of 15.07, a price-to-earnings-growth ratio of 1.52 and a beta of 1.15. The company has a current ratio of 1.30, a quick ratio of 1.07 and a debt-to-equity ratio of 0.81.

Siemens Aktiengesellschaft (OTCMKTS:SIEGYGet Rating) last announced its earnings results on Thursday, May 12th. The technology company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.48). The company had revenue of $19.12 billion during the quarter, compared to the consensus estimate of $18.57 billion. Siemens Aktiengesellschaft had a net margin of 7.76% and a return on equity of 10.12%. As a group, research analysts anticipate that Siemens Aktiengesellschaft will post 3.62 earnings per share for the current fiscal year.

Siemens Aktiengesellschaft Company Profile

(Get Rating)

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 segments.

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