Schneider Electric (OTCMKTS:SBGSY) Sees Large Volume Increase – Here’s What Happened

Schneider Electric SE (OTCMKTS:SBGSY) shares saw strong trading volume on Wednesday. Approximately 749,837 shares were traded during trading, an increase of 92% from the previous session’s volume of 391,124 shares. The stock last traded at $58.5050 and had previously closed at $59.49.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SBGSY shares. Zacks Research cut shares of Schneider Electric from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 3rd. Santander lowered shares of Schneider Electric from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 8th. Morgan Stanley reiterated an “overweight” rating on shares of Schneider Electric in a report on Monday, June 29th. Barclays reissued an “overweight” rating on shares of Schneider Electric in a research report on Monday, October 5th. Finally, Erste Group Bank upgraded shares of Schneider Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Schneider Electric Price Performance

The firm has a 50-day moving average price of $66.59 and a two-hundred day moving average price of $63.69.

Institutional Trading of Schneider Electric

Hedge funds have recently bought and sold shares of the stock. Madison Asset Management LLC increased its stake in 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 acquiring an additional 6,591 shares during the period. Azimuth Capital Investment Management LLC bought a new stake in shares of Schneider Electric during the second quarter valued at approximately $11,623,000. Elefante Mark B raised its stake in shares of Schneider Electric by 10.0% in the second quarter. Elefante Mark B now owns 96,539 shares of the industrial products company’s stock valued at $6,292,000 after purchasing an additional 8,800 shares in the last quarter. Finally, Notis McConarty Edward raised its stake 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 valued at $5,548,000 after purchasing an additional 425 shares in the last quarter. 0.83% of the stock is owned by institutional investors.

About Schneider Electric

Schneider Electric SE is a France-based global provider of energy management and industrial automation technologies. The company helps businesses, infrastructure operators, data centers, buildings and residential customers manage electrical power more efficiently, reliably and sustainably.

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