Schneider Electric (OTCMKTS:SBGSY) Sets New 52-Week Low – Here’s Why

Schneider Electric SE (OTCMKTS:SBGSY)’s stock price reached a new 52-week low on Thursday. The company traded as low as $50.11 and last traded at $50.42, with a volume of 280,446 shares traded. The stock had previously closed at $52.47.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Erste Group Bank lowered shares of Schneider Electric from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 21st. Barclays reaffirmed an “overweight” rating on shares of Schneider Electric in a report on Monday, October 5th. Zacks Research cut shares of Schneider Electric from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 3rd. Finally, Santander downgraded shares of Schneider Electric from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Schneider Electric Stock Down 3.8%

The business has a fifty day moving average of $61.73 and a 200 day moving average of $61.84. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.81 and a current ratio of 1.09.

Institutional Investors Weigh In On Schneider Electric

Several hedge funds have recently bought and sold shares of SBGSY. Notis McConarty Edward lifted its holdings in shares of Schneider Electric by 0.5% during the second quarter. Notis McConarty Edward now owns 85,119 shares of the industrial products company’s stock valued at $5,548,000 after purchasing an additional 425 shares during the last quarter. Elefante Mark B grew its stake in shares of Schneider Electric by 10.0% in the 2nd 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. Azimuth Capital Investment Management LLC bought a new position in Schneider Electric during the 2nd quarter valued at approximately $11,623,000. Finally, Madison Asset Management LLC increased its position in Schneider Electric by 2.7% during the 2nd quarter. Madison Asset Management LLC now owns 246,582 shares of the industrial products company’s stock valued at $16,072,000 after buying an additional 6,591 shares in the last quarter. Institutional investors own 0.83% of the company’s stock.

About Schneider Electric

Schneider Electric SE is a France-based multinational company specializing in energy management and industrial automation. Its offerings help businesses, infrastructure operators, data centers, buildings and residential customers distribute, control, monitor and optimize electricity while improving operational efficiency and sustainability.

The company provides electrical distribution equipment, circuit breakers, switchgear, power management systems, industrial automation and control technologies, building-management solutions, and data-center infrastructure.