Siemens (OTCMKTS:SMAWF) Stock Price Crosses Above Fifty Day Moving Average of $121.34

Shares of Siemens AG (OTCMKTS:SMAWF) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $121.34 and traded as high as $127.45. Siemens shares last traded at $126.00, with a volume of 486 shares changing hands.

The firm has a fifty day moving average price of $121.34 and a 200-day moving average price of $106.81.

A hedge fund recently raised its stake in Siemens stock. Schafer Cullen Capital Management Inc boosted its position in Siemens AG (OTCMKTS:SMAWF) by 13.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,676 shares of the company’s stock after purchasing an additional 689 shares during the period. Schafer Cullen Capital Management Inc’s holdings in Siemens were worth $668,000 as of its most recent SEC filing.

About Siemens (OTCMKTS:SMAWF)

Siemens Aktiengesellschaft operates in the fields of electrification, automation, and digitalization worldwide. Its Power and Gas segment offers gas and steam turbines, generators, compressor trains, integrated power plant solutions, and instrumentation and control systems for power generation. The company's Energy Management segment offers software, products, systems, solutions, and services for transmitting, distributing, and managing electrical power, as well as for providing intelligent power infrastructure.

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