Siemens Aktiengesellschaft (OTCMKTS:SIEGY) Shares Cross Below Fifty Day Moving Average of $77.33

Siemens Aktiengesellschaft (OTCMKTS:SIEGY – Get Rating)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $77.33 and traded as low as $72.48. Siemens Aktiengesellschaft shares last traded at $73.16, with a volume of 62,647 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SIEGY shares. Sanford C. Bernstein raised Siemens Aktiengesellschaft from an “underperform” rating to a “market perform” rating in a report on Wednesday, January 4th. Berenberg Bank cut Siemens Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Friday, January 27th. Finally, Barclays lifted their price objective on Siemens Aktiengesellschaft from €90.00 ($96.77) to €94.00 ($101.08) and gave the stock an “underweight” rating in a research report on Friday, November 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Siemens Aktiengesellschaft currently has an average rating of “Hold” and a consensus target price of $156.71.

Siemens Aktiengesellschaft Stock Performance

The company has a quick ratio of 1.13, a current ratio of 1.38 and a debt-to-equity ratio of 0.80. The stock has a market cap of $124.37 billion, a P/E ratio of 32.52, a PEG ratio of 0.49 and a beta of 1.15. The stock has a fifty day simple moving average of $77.33 and a 200-day simple moving average of $65.56.

Siemens Aktiengesellschaft (OTCMKTS:SIEGY – Get Rating) last issued its earnings results on Thursday, February 9th. The technology company reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.08). Siemens Aktiengesellschaft had a return on equity of 6.40% and a net margin of 4.69%. The company had revenue of $18.45 billion for the quarter. Equities analysts expect that Siemens Aktiengesellschaft will post 4.57 earnings per share for the current fiscal year.

Siemens Aktiengesellschaft Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, February 21st. Stockholders of record on Monday, February 13th were given a dividend of $1.6706 per share. The ex-dividend date of this dividend was Friday, February 10th. This represents a dividend yield of 2.19%. This is a positive change from Siemens Aktiengesellschaft’s previous dividend of $1.67. Siemens Aktiengesellschaft’s dividend payout ratio (DPR) is currently 74.67%.

About Siemens Aktiengesellschaft

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Siemens AG is a technology company, which engages in the areas of automation and digitalization in the process and manufacturing industries, infrastructure for buildings and energy systems, mobility solutions for rail transport, and medical technology and digital healthcare services. It operates through the following segments: Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, and Siemens Financial Services.