Schneider Electric S.E. (OTCMKTS:SBGSF) Stock Passes Above 50 Day Moving Average – Here’s What Happened

Shares of Schneider Electric S.E. (OTCMKTS:SBGSF) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $281.23 and traded as high as $288.57. Schneider Electric S.E. shares last traded at $281.18, with a volume of 508 shares changing hands.

Schneider Electric S.E. Stock Performance

The firm has a 50 day moving average price of $281.23 and a 200-day moving average price of $268.50.

Institutional Trading of Schneider Electric S.E.

A hedge fund recently bought a new stake in Schneider Electric S.E. stock. Saranac Partners Ltd acquired a new position in shares of Schneider Electric S.E. (OTCMKTS:SBGSF) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 567 shares of the company’s stock, valued at approximately $158,000. Hedge funds and other institutional investors own 41.67% of the company’s stock.

Schneider Electric S.E. Company Profile

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.