Siemens Energy (OTCMKTS:SMEGF) Trading 2.1% Higher – Here’s What Happened

Siemens Energy AG (OTCMKTS:SMEGFGet Free Report) shares were up 2.1% during mid-day trading on Thursday . The stock traded as high as $178.26 and last traded at $174.70. Approximately 1,162 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 5,430 shares. The stock had previously closed at $171.13.

Siemens Energy Stock Performance

The firm has a fifty day moving average price of $144.86 and a 200 day moving average price of $125.83.

About Siemens Energy

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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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