Siemens Aktiengesellschaft (OTCMKTS:SIEGY) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

Shares of Siemens Aktiengesellschaft (OTCMKTS:SIEGY) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $116.13 and traded as low as $113.17. Siemens Aktiengesellschaft shares last traded at $115.38, with a volume of 148,528 shares traded.

Wall Street Analysts Forecast Growth

SIEGY has been the subject of several recent analyst reports. Hsbc Global Res raised Siemens Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a report on Thursday, December 5th. Royal Bank of Canada downgraded shares of Siemens Aktiengesellschaft from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, March 19th.

Siemens Aktiengesellschaft Price Performance

The company has a debt-to-equity ratio of 0.73, a current ratio of 1.40 and a quick ratio of 1.15. The stock has a market cap of $187.07 billion, a price-to-earnings ratio of 17.96, a P/E/G ratio of 3.27 and a beta of 1.24. The stock has a fifty day moving average of $116.49 and a 200 day moving average of $104.86.

Siemens Aktiengesellschaft (OTCMKTS:SIEGY) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.05. Siemens Aktiengesellschaft had a return on equity of 13.82% and a net margin of 12.41%. The company had revenue of $19.58 billion for the quarter, compared to the consensus estimate of $18.70 billion. On average, analysts expect that Siemens Aktiengesellschaft will post 6.59 EPS for the current fiscal year.

Siemens Aktiengesellschaft Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 14th were issued a $2.6907 dividend. This is a boost from Siemens Aktiengesellschaft’s previous dividend of $1.88. The ex-dividend date of this dividend was Friday, February 14th. Siemens Aktiengesellschaft’s payout ratio is presently 30.72%.

About Siemens Aktiengesellschaft

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.