Schneider Electric S.E. (OTCMKTS:SBGSF) Share Price Passes Above 50 Day Moving Average – What’s Next?

Schneider Electric S.E. (OTCMKTS:SBGSF)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $276.59 and traded as high as $306.60. Schneider Electric S.E. shares last traded at $301.26, with a volume of 715 shares changing hands.

Schneider Electric S.E. Price Performance

The company’s 50-day moving average price is $277.14 and its 200 day moving average price is $274.58.

Institutional Trading of Schneider Electric S.E.

A hedge fund recently bought a new stake in Schneider Electric S.E. stock. Saranac Partners Ltd bought a new position in Schneider Electric S.E. (OTCMKTS:SBGSF) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 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. is a global leader in energy management and automation solutions, offering a comprehensive range of products and services designed to optimize efficiency and sustainability. Headquartered in Rueil-Malmaison, France, the company’s portfolio encompasses low- and medium-voltage electrical distribution, smart grid and renewable energy solutions, building automation, industrial control systems, and critical power infrastructure. By integrating digital technologies such as the Internet of Things (IoT) and advanced analytics into its offerings, Schneider Electric helps customers in utilities, data centers, buildings, infrastructure, and industries improve operational performance and reduce environmental impact.

Founded in 1836 originally as a steel and heavy machinery manufacturer, Schneider Electric has evolved over nearly two centuries into a technology-driven organization focused on energy efficiency and automation.