Schneider Electric (OTCMKTS:SBGSY) Shares Gap Down – Here’s What Happened

Schneider Electric SE (OTCMKTS:SBGSY) shares gapped down prior to trading on Thursday . The stock had previously closed at $65.18, but opened at $63.41. Schneider Electric shares last traded at $63.47, with a volume of 8,815 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Morgan Stanley reiterated an “overweight” rating on shares of Schneider Electric in a research note on Monday. Barclays upgraded Schneider Electric from an “equal weight” rating to an “overweight” rating in a research note on Monday, April 13th. Finally, Berenberg Bank raised Schneider Electric to a “strong-buy” rating in a research report on Monday, June 1st. Three 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. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Schneider Electric Stock Up 0.4%

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 firm’s 50-day moving average price is $63.49 and its two-hundred day moving average price is $59.81.

Schneider Electric Company Profile

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.