Schneider Electric S.E. (OTCMKTS:SBGSF) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Schneider Electric S.E. (OTCMKTS:SBGSF) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $255.19 and traded as high as $256.00. Schneider Electric S.E. shares last traded at $254.00, with a volume of 1,068 shares.

Schneider Electric S.E. Price Performance

The company’s 50-day simple moving average is $254.49 and its 200-day simple moving average is $257.43.

Institutional Investors Weigh In On Schneider Electric S.E.

An institutional investor recently bought a new position in Schneider Electric S.E. stock. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Schneider Electric S.E. (OTCMKTS:SBGSF) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,820 shares of the company’s stock, valued at approximately $3,696,000. 41.67% of the stock is owned by institutional investors and hedge funds.

About Schneider Electric S.E.

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.