Schneider Electric (OTCMKTS:SBGSY) Stock Passes Below 50-Day Moving Average – What’s Next?

Schneider Electric SE (OTCMKTS:SBGSY) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $56.11 and traded as low as $53.65. Schneider Electric shares last traded at $54.37, with a volume of 880,170 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Santander upgraded Schneider Electric to an “outperform” rating in a research note on Wednesday, September 3rd. Morgan Stanley upgraded shares of Schneider Electric from an “equal weight” rating to an “overweight” rating in a report on Monday, October 27th. Kepler Capital Markets upgraded shares of Schneider Electric from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 30th. Zacks Research lowered Schneider Electric from a “hold” rating to a “strong sell” rating in a report on Thursday, October 16th. Finally, Citigroup reiterated a “buy” rating on shares of Schneider Electric in a report on Wednesday, October 1st. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Schneider Electric has an average rating of “Buy”.

Schneider Electric Stock Up 0.2%

The stock has a 50 day moving average of $56.11 and a 200-day moving average of $52.82.

About Schneider Electric

Schneider Electric S.E. engages in the energy management and industrial automation businesses in the France, Western Europe, North America, the Asia Pacific, Eastern Europe, the Middle East, Africa, South America, and internationally. The company offers busway and cable management products, circuit breakers and switches, contactors and protection relays, electrical car charging, electrical protection and control products, energy management software solutions, load banks, power monitoring and control systems, power quality and power factor correction products, push buttons, switches, pilot lights and joysticks, surge protection and power conditioning services, switchboards and enclosures, and transfer switches.