Siemens AG (ADR) (NYSE:SI) lighting division Osram AG announced Friday it will construct a fresh LED chip assembly facility in China.
Osram will spend a low three-digit million amount in the coming years in the plant, a spokesman stated. LED chips will be wrapped up at the site from late 2013, whereas the German Regensburg and Malaysian Penang facilities will continue to make the chips.
Its competitors include ABB Ltd (ADR) (NYSE:ABB) that slipped -0.98% to $16.24 with the total traded volume of 1.14 million shares and General Electric Company (NYSE:GE) that surged 0.52% to $19.35 with the total traded volume of 7.27 million shares.
Other technology stocks with bullish trend include Micron Technology, Inc. (NASDAQ:MU) up 1.57% to $5.83, Nokia Corporation (ADR) (NYSE:NOK) up 0.36% to $2.75 and Alcatel Lucent SA (ADR) (NYSE:ALU) up 1.25% to $1.62, whereas with bearish trend include NetApp Inc. (NASDAQ:NTAP) down -1.04% to $28.52, Seagate Technology PLC (NASDAQ:STX) down -1.93% to $25.88 and LSI Corporation (NYSE:LSI) down -0.44% to $6.82.
Siemens AG (ADR) (NYSE:SI) after opening at $84.97 hit high price of $85.95 and then trading at $85.61 by surging 1.51% at 10:47AM EDT and on current session volume of 153,937.00 shares is surprisingly lower than its average volume of 763,284.00 shares.
The stock price volatility was 1.69% for a week and 1.55% for a month as well as price volatility’s Average True Range for 14 days was 1.77 and its beta remained 1.57.
The liquidity measure in recent quarter results of the company was recorded 1.21 as current ratio and on the other side the debt to equity ratio was 0.52 and long-term debt to equity ratio also remained 0.44. The Company had total cash at hand $15.51 billion and a book value per share as $45.22 in the most recent quarter.
SI generated revenue of 94.35 billion in the following twelve months and earned $8.14 billion. The Company showed a positive 8.83% in the net profit margin and as well as in its operating margin which remained 11.50%. Company’s annual sales growth for the past five year was 2.03%.
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