Shares of Siemens Energy AG (OTCMKTS:SMEGF – Get Free Report) shot up 0.7% during mid-day trading on Wednesday . The stock traded as high as $155.6375 and last traded at $153.10. 7,406 shares were traded during trading, a decline of 18% from the average session volume of 9,002 shares. The stock had previously closed at $151.9850.
Siemens Energy Stock Performance
The company has a 50 day moving average price of $134.23 and a 200 day moving average price of $120.34.
About Siemens Energy
Siemens Energy AG is a global energy technology company headquartered in Munich, Germany. Established in 2020 as a spin-off from Siemens AG’s Energy Management and Power and Gas divisions, the company develops and delivers equipment, solutions and services across the energy value chain. Its portfolio encompasses products for power generation, transmission and storage, serving utilities, independent power producers and industrial customers.
The company’s main business activities include the design and manufacture of gas and steam turbines, generators and compressors for conventional power plants, as well as high-voltage transformers, switchgear and grid stabilization equipment for power transmission networks.
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