SMA Solar Technology (OTCMKTS:SMTGF) Shares Up 22.6% – Still a Buy?

SMA Solar Technology AG (OTCMKTS:SMTGF) shot up 22.6% during mid-day trading on Wednesday . The stock traded as high as $69.30 and last traded at $69.30. Approximately 100 shares were traded during trading, a decline of 94% from the average daily volume of 1,609 shares. The stock had previously closed at $56.54.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “buy” rating on shares of SMA Solar Technology in a research report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.

SMA Solar Technology Trading Up 22.6%

The stock’s 50-day simple moving average is $64.29 and its 200 day simple moving average is $50.10.

SMA Solar Technology Company Profile

SMA Solar Technology AG is a Germany-based company specializing in the development, production and sale of photovoltaic inverters and energy management solutions for all types of solar power applications. The company’s product portfolio spans string inverters, central inverters and hybrid inverter systems designed for residential, commercial and utility-scale installations. In addition to core inverter technology, SMA offers integrated energy storage solutions, system monitoring platforms and digital services aimed at optimizing solar power generation and grid integration.

Founded in 1981 and headquartered in Niestetal near Kassel, SMA Solar Technology has grown into a global supplier with a presence in Europe, the Americas and Asia-Pacific.