Schneider Electric (OTCMKTS:SBGSY) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Schneider Electric SE (OTCMKTS:SBGSY)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $66.08 and traded as low as $65.23. Schneider Electric shares last traded at $65.72, with a volume of 253,681 shares.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SBGSY. Zacks Research cut shares of Schneider Electric from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 3rd. Santander cut Schneider Electric from an “outperform” rating to a “neutral” rating in a research report on Tuesday, September 8th. Erste Group Bank upgraded Schneider Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Morgan Stanley reiterated an “overweight” rating on shares of Schneider Electric in a research report on Monday, June 29th. Finally, Barclays reissued an “overweight” rating on shares of Schneider Electric in a report on Monday, July 6th. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Schneider Electric Stock Performance

The stock has a fifty day moving average of $66.08 and a two-hundred day moving average of $62.98. The company has a current ratio of 1.19, a quick ratio of 0.90 and a debt-to-equity ratio of 0.61.

Institutional Investors Weigh In On Schneider Electric

A number of institutional investors have recently made changes to their positions in the business. Azimuth Capital Investment Management LLC bought a new position in shares of Schneider Electric during the 2nd quarter valued at $11,623,000. Elefante Mark B boosted its position in Schneider Electric by 10.0% during the second quarter. Elefante Mark B now owns 96,539 shares of the industrial products company’s stock valued at $6,292,000 after buying an additional 8,800 shares during the period. Madison Asset Management LLC grew its stake in shares of Schneider Electric by 2.7% during the second quarter. Madison Asset Management LLC now owns 246,582 shares of the industrial products company’s stock valued at $16,072,000 after buying an additional 6,591 shares during the last quarter. Finally, Notis McConarty Edward increased its holdings in shares of Schneider Electric by 0.5% in the second quarter. Notis McConarty Edward now owns 85,119 shares of the industrial products company’s stock worth $5,548,000 after buying an additional 425 shares during the period. Hedge funds and other institutional investors own 0.83% of the company’s stock.

About Schneider Electric

Schneider Electric SE is a France-based global provider of energy management and industrial automation solutions. The company helps businesses, utilities, data centers, infrastructure operators and residential customers manage electricity more safely, efficiently and sustainably.

Its products and services include low- and medium-voltage electrical distribution equipment, circuit breakers, switchgear, uninterruptible power supplies, building management systems, industrial control and automation technologies, and related consulting, maintenance and digital services.