Berenberg Bank Downgrades SMA Solar Technology (OTCMKTS:SMTGF) to Hold

SMA Solar Technology (OTCMKTS:SMTGF) was downgraded by analysts at Berenberg Bank from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, The Fly reports.

Shares of SMTGF opened at $49.15 on Wednesday. SMA Solar Technology has a 1 year low of $43.00 and a 1 year high of $82.50. The firm has a fifty day moving average of $47.02 and a 200-day moving average of $52.08.

SMA Solar Technology Company Profile

SMA Solar Technology AG, together with its subsidiaries, develops, produces, and sells solar and battery inverters, monitoring systems for photovoltaic (PV) systems, medium-voltage technology products, transformers, and chokes worldwide. The company offers string and central solar inverters for various module types, grid-connection and feeding into stand-alone grids, small house systems, and commercial systems; battery inverters for high-voltage batteries, on- and off-grid applications, commercial and industrial storage solutions, storage solutions, and accessories; and preconfigured system components.

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