SMA Solar Technology (OTCMKTS:SMTGF) Shares Down 0.1% – Time to Sell?

Shares of SMA Solar Technology AG (OTCMKTS:SMTGF) fell 0.1% during mid-day trading on Monday . The company traded as low as $37.05 and last traded at $38.72. 1,900 shares were traded during trading, an increase of 117% from the average session volume of 877 shares. The stock had previously closed at $38.74.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reiterated 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, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

SMA Solar Technology Stock Down 0.1%

The firm has a 50 day moving average of $34.21 and a 200-day moving average of $27.73.

SMA Solar Technology Company Profile

SMA Solar Technology AG is a Germany-based company specializing in the development, production and sale of photovoltaic inverters and energy management solutions for all types of solar power applications. The company’s product portfolio spans string inverters, central inverters and hybrid inverter systems designed for residential, commercial and utility-scale installations. In addition to core inverter technology, SMA offers integrated energy storage solutions, system monitoring platforms and digital services aimed at optimizing solar power generation and grid integration.

Founded in 1981 and headquartered in Niestetal near Kassel, SMA Solar Technology has grown into a global supplier with a presence in Europe, the Americas and Asia-Pacific.