Schneider Electric (OTCMKTS:SBGSY) Sets New 12-Month High – Here’s What Happened

Shares of Schneider Electric SE (OTCMKTS:SBGSY) hit a new 52-week high on Wednesday . The stock traded as high as $70.76 and last traded at $70.35, with a volume of 157088 shares traded. The stock had previously closed at $69.57.

Analyst Upgrades and Downgrades

SBGSY has been the subject of several recent analyst reports. Erste Group Bank upgraded shares of Schneider Electric from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Barclays reiterated an “overweight” rating on shares of Schneider Electric in a research report on Monday, July 6th. Berenberg Bank raised shares of Schneider Electric to a “strong-buy” rating in a research note on Monday, June 1st. Zacks Research upgraded shares of Schneider Electric from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Schneider Electric in a report on Monday, June 29th. Four research analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Schneider Electric Trading Up 1.1%

The company’s 50 day moving average price is $63.50 and its two-hundred day moving average price is $61.48. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.19 and a quick ratio of 0.90.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Schneider Electric stock. Madison Asset Management LLC grew its stake in Schneider Electric SE (OTCMKTS:SBGSY) by 2.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 246,582 shares of the industrial products company’s stock after purchasing an additional 6,591 shares during the period. Madison Asset Management LLC’s holdings in Schneider Electric were worth $16,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 0.83% of the company’s stock.

About Schneider Electric

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.