Siemens Gamesa Renewable Energy (OTCMKTS:GCTAF)‘s stock had its “buy” rating reiterated by analysts at Citigroup in a research note issued on Thursday.

Shares of Siemens Gamesa Renewable Energy (OTCMKTS:GCTAF) traded up $0.08 on Thursday, hitting $11.88. 1,690 shares of the company traded hands, compared to its average volume of 5,970. Siemens Gamesa Renewable Energy has a fifty-two week low of $10.88 and a fifty-two week high of $24.04.

An institutional investor recently bought a new position in Siemens Gamesa Renewable Energy stock. Cacti Asset Management LLC acquired a new stake in shares of Siemens Gamesa Renewable Energy, S.A. (OTCMKTS:GCTAF) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 62,000 shares of the company’s stock, valued at approximately $807,000.

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Siemens Gamesa Renewable Energy Company Profile

Siemens Gamesa Renewable Energy SA, formerly Gamesa Corporacion Tecnologica SA, is a Spain-based company engaged in the renewable energy equipment manufacture. The Company specializes in the promotion and development of wind farms, as well as the engineering, design, production and sale of wind turbines.

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