SMA Solar Technology (ETR:S92) Shares Up 4.4% – Here’s Why

Shares of SMA Solar Technology AG (ETR:S92) shot up 4.4% during mid-day trading on Wednesday. The stock traded as high as €51.75 and last traded at €51.00. 104,187 shares were traded during mid-day trading, a decline of 5% from the average daily volume of 110,058 shares. The stock had previously closed at €48.84.

SMA Solar Technology Stock Performance

The stock has a fifty day simple moving average of €56.43 and a two-hundred day simple moving average of €50.76. The company has a debt-to-equity ratio of 21.34, a quick ratio of 1.01 and a current ratio of 1.39. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 23.25, a P/E/G ratio of 13.06 and a beta of 0.81.

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.