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Siemens AG (SI – 105.38) manufactures a wide range of industrial and consumer products from traffic control systems to locomotives. The company is additionally involved in communications, computers, household appliances, medical equipment and electrical components.
As of this past Monday, you can add another feather in the cap of Siemens. It began trading on the New York Stock Exchange under the ticker symbol SI. The stock trades as an American Depositary Receipt (ADR), and one ADR represents one share of stock.
Prior to the move, the shares could be traded over the counter under the symbol SMAWY US.
Currently there are no options trading on the stock and it does not appear to be marginable at this time.
The Street is watching the stock, as 37 analysts have "buy" or better ratings on it. There are also 18 "holds," as well as an unusual six "sell" ratings.
On its first day of listed trading, the stock traded as high as 113.20 before closing at its low of the day at 110.00.
So far this week, the shares have been tracking lower with today's intraday low pegged at 103.10.