SMA Solar Technology (OTCMKTS:SMTGY) Shares Up 1.8% – Should You Buy?

SMA Solar Technology AG (OTCMKTS:SMTGY) shares shot up 1.8% on Wednesday . The stock traded as high as $4.00 and last traded at $4.00. 5,283 shares traded hands during mid-day trading, an increase of 368% from the average session volume of 1,128 shares. The stock had previously closed at $3.93.

SMA Solar Technology Trading Up 1.8%

The firm has a fifty day simple moving average of $4.05 and a 200 day simple moving average of $3.09.

About SMA Solar Technology

SMA Solar Technology AG (OTCMKTS: SMTGY) is a Germany-based provider of solar power equipment and energy management solutions. The company specializes in the development, manufacture and sale of photovoltaic (PV) inverters, which convert direct current generated by solar panels into alternating current suitable for residential, commercial and utility-scale applications. SMA’s product lineup also extends to hybrid inverters, battery inverters, and complete energy storage systems, enabling customers to integrate renewable energy sources, storage and consumption under a single platform.

In addition to inverters, SMA offers digital monitoring and management software that allows operators to optimize system performance, troubleshoot faults and analyze energy yields in real time.