SMA Solar Technology (ETR:S92) Stock Jumps 5.9% – Should You Buy?

SMA Solar Technology AG (ETR:S92)’s stock price rose 5.9% during trading on Wednesday. The company traded as high as €62.15 and last traded at €62.00. Approximately 133,657 shares traded hands during mid-day trading, an increase of 21% from the average session volume of 110,058 shares. The stock had previously closed at €58.55.

SMA Solar Technology Price Performance

The business’s 50 day moving average is €56.98 and its two-hundred day moving average is €54.08. The firm has a market cap of $2.04 billion, a P/E ratio of 25.46, a P/E/G ratio of 13.06 and a beta of 0.81. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 21.34.

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. The company offers string and central solar inverters for various module types; battery inverters for high voltage batteries, on- and off- grid applications, commercial and industrial storage solutions, large scale storage solutions, and accessories; medium-voltage technology products; and DC-DC converters.