Schneider Electric (OTCMKTS:SBGSY) Share Price Passes Below 50 Day Moving Average - Time to Sell?

Key Points

• Schneider Electric shares fell below their 50-day moving average, trading as low as $65.23 versus the $66.08 average, while remaining above the 200-day average of $62.98.
• Analyst sentiment remains broadly positive: the stock has an average “Buy” rating, including three Strong Buy and six Buy recommendations, despite one recent downgrade to Neutral.
• Several institutional investors increased or initiated positions during the second quarter, though institutional ownership remains relatively low at 0.83%.

Schneider Electric SE (OTCMKTS:SBGSY - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $66.08 and traded as low as $65.23. Schneider Electric shares last traded at $65.72, with a volume of 253,681 shares.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SBGSY shares. Barclays restated an "overweight" rating on shares of Schneider Electric in a research report on Monday, July 6th. Morgan Stanley restated an "overweight" rating on shares of Schneider Electric in a report on Monday, June 29th. Berenberg Bank raised Schneider Electric to a "strong-buy" rating in a research note on Monday, June 1st. Santander downgraded Schneider Electric from an "outperform" rating to a "neutral" rating in a report on Tuesday, September 8th. Finally, Erste Group Bank upgraded shares of Schneider Electric from a "hold" rating to a "strong-buy" rating in a report on Monday, July 27th. Three equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy".

Schneider Electric Stock Up 0.1%

The company's fifty day simple moving average is $66.08 and its 200 day simple moving average is $62.98. The company has a quick ratio of 0.90, a current ratio of 1.19 and a debt-to-equity ratio of 0.61.

Institutional Investors Weigh In On Schneider Electric

Hedge funds have recently bought and sold shares of the business. Madison Asset Management LLC increased its stake in shares of 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 valued at $16,072,000 after purchasing an additional 6,591 shares in the last quarter. Azimuth Capital Investment Management LLC bought a new stake in shares of Schneider Electric in the 2nd quarter worth approximately $11,623,000. 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. Finally, Notis McConarty Edward grew its position in Schneider Electric by 0.5% during the 2nd 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. Institutional investors own 0.83% of the company's stock.

About Schneider Electric

Schneider Electric SE is a France-based global provider of energy management and industrial automation solutions. The company helps businesses, utilities, data centers, infrastructure operators and residential customers manage electricity more safely, efficiently and sustainably.

Its products and services include low- and medium-voltage electrical distribution equipment, circuit breakers, switchgear, uninterruptible power supplies, building management systems, industrial control and automation technologies, and related consulting, maintenance and digital services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.