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

Schneider Electric SE (OTCMKTS:SBGSY) reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as $50.11 and last traded at $50.42, with a volume of 280,446 shares trading hands. The stock had previously closed at $52.47.

Analysts Set New Price Targets

Several brokerages have commented on SBGSY. Santander downgraded Schneider Electric from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 8th. Zacks Research cut shares of Schneider Electric from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 3rd. Erste Group Bank lowered shares of Schneider Electric from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 21st. Finally, Barclays reiterated an “overweight” rating on shares of Schneider Electric in a research note on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Schneider Electric Price Performance

The stock’s 50 day simple moving average is $60.97 and its 200 day simple moving average is $61.80. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.56.

Institutional Investors Weigh In On Schneider Electric

Several hedge funds have recently added to or reduced their stakes in SBGSY. Madison Asset Management LLC increased its position in shares of Schneider Electric by 2.7% during the 2nd quarter. Madison Asset Management LLC now owns 246,582 shares of the industrial products company’s stock valued at $16,072,000 after purchasing an additional 6,591 shares during the last quarter. Azimuth Capital Investment Management LLC bought a new stake in Schneider Electric in the 2nd quarter worth approximately $11,623,000. Elefante Mark B boosted its stake in Schneider Electric by 10.0% in the second quarter. Elefante Mark B now owns 96,539 shares of the industrial products company’s stock worth $6,292,000 after buying an additional 8,800 shares in the last quarter. Finally, Notis McConarty Edward boosted its stake in 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 in the last quarter. Institutional investors own 0.83% of the company’s stock.

Schneider Electric Company Profile

Schneider Electric SE is a France-based company focused on energy management and industrial automation. It provides technologies and services that help businesses, infrastructure operators and households manage electricity, improve operational efficiency and support more sustainable energy use.

Its offerings include electrical distribution and control equipment, building-management systems, industrial automation products, data-center power and cooling solutions, and related software and services.