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

Schneider Electric SE (OTCMKTS:SBGSY) shares saw an uptick in trading volume on Wednesday. 749,837 shares changed hands during mid-day 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

SBGSY has been the subject of a number of recent analyst reports. Zacks Research lowered Schneider Electric from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 3rd. Barclays reaffirmed an “overweight” rating on shares of Schneider Electric in a research note on Monday, October 5th. Erste Group Bank raised shares of Schneider Electric from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Morgan Stanley restated an “overweight” rating on shares of Schneider Electric in a report on Monday, June 29th. Finally, Santander downgraded shares of Schneider Electric from an “outperform” rating to a “neutral” rating in a research report on Tuesday, September 8th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy”.

Schneider Electric Stock Down 1.7%

The business’s 50-day moving average price is $66.59 and its 200-day moving average price is $63.69.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Madison Asset Management LLC increased its position 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 worth $16,072,000 after buying an additional 6,591 shares during the last quarter. Azimuth Capital Investment Management LLC acquired a new stake in shares of Schneider Electric in the second quarter worth about $11,623,000. Elefante Mark B lifted its position 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 worth $6,292,000 after buying an additional 8,800 shares during the last quarter. Finally, Notis McConarty Edward boosted its stake in shares of Schneider Electric by 0.5% during the 2nd quarter. Notis McConarty Edward now owns 85,119 shares of the industrial products company’s stock worth $5,548,000 after acquiring 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 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.