Schneider Electric (OTCMKTS:SBGSY) Reaches New 52-Week High – What’s Next?

Schneider Electric SE (OTCMKTS:SBGSY) shares hit a new 52-week high on Monday . The company traded as high as $67.16 and last traded at $66.92, with a volume of 424771 shares. The stock had previously closed at $66.93.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SBGSY. Barclays raised Schneider Electric from an “equal weight” rating to an “overweight” rating in a research note on Monday, April 13th. Berenberg Bank upgraded Schneider Electric to a “strong-buy” rating in a report on Monday, June 1st. Three equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy”.

Schneider Electric Price Performance

The company has a current ratio of 1.19, a quick ratio of 0.90 and a debt-to-equity ratio of 0.61. The company’s 50-day simple moving average is $63.30 and its two-hundred day simple moving average is $59.29.

About Schneider Electric

Schneider Electric is a global specialist in energy management and automation solutions, offering products and services that help customers optimize the use of electrical power and industrial processes. Headquartered in Rueil-Malmaison, France, the company traces its industrial roots back to the 19th century and has evolved into a technology-driven provider of electrical distribution, control and automation equipment, and related software and services.

The company’s portfolio spans low- and medium-voltage electrical distribution, building and home automation, industrial automation and control systems, critical power and cooling for data centers, and integrated software platforms that enable monitoring, analytics and remote operations.