SMA Solar Technology (OTCMKTS:SMTGF) Trading 13.3% Higher – Here’s Why

SMA Solar Technology AG (OTCMKTS:SMTGF)’s share price traded up 13.3% during mid-day trading on Friday . The company traded as high as $40.74 and last traded at $40.74. 1,090 shares changed hands during mid-day trading, an increase of 112% from the average session volume of 514 shares. The stock had previously closed at $35.95.

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a “hold” rating on shares of SMA Solar Technology in a research note on Monday, October 27th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, SMA Solar Technology currently has a consensus rating of “Hold”.

SMA Solar Technology Stock Up 13.3%

The company has a fifty day simple moving average of $29.01 and a two-hundred day simple moving average of $25.89.

SMA Solar Technology Company Profile

SMA Solar Technology AG, together with its subsidiaries, engages in development, production, and sale of PV and battery inverters, transformers, chokes, monitoring systems for PV systems, and charging solutions for electric vehicles in Germany and internationally. It operates through Home Solutions, Commercial and Industrial Solutions, and Large Scale and Project Solutions segments.