Schneider Electric (OTCMKTS:SBGSY) Sets New 52-Week High - Still a Buy?

Key Points

• Schneider Electric (SBGSY) reached a new 52-week high, trading intraday as high as $66.37 and last at $66.07 on volume of 57,998 shares, up from a prior close of $63.14.
• Analysts are broadly bullish: Barclays upgraded to "overweight", Deutsche Bank reaffirmed "buy", and the mix of 2 Strong Buy, 7 Buy and 1 Hold results in a consensus Buy rating.
• The stock is trading above its 50-day ($59.18) and 200-day ($56.92) simple moving averages; key balance-sheet metrics include a current ratio of 1.19, quick ratio of 0.90 and debt-to-equity of 0.61.

Schneider Electric SE (OTCMKTS:SBGSY - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $66.37 and last traded at $66.07, with a volume of 57998 shares. The stock had previously closed at $63.14.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Barclays raised shares of Schneider Electric from an "equal weight" rating to an "overweight" rating in a research note on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Schneider Electric in a research note on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Schneider Electric presently has a consensus rating of "Buy".

Schneider Electric Stock Performance

The company has a current ratio of 1.19, a quick ratio of 0.90 and a debt-to-equity ratio of 0.61. The company's 50 day simple moving average is $59.18 and its 200-day simple moving average is $56.92.

Schneider Electric Company Profile

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.

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