Shares of Schneider Electric SE (OTCMKTS:SBGSY - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $52.23, but opened at $54.99. Schneider Electric shares last traded at $55.38, with a volume of 90,416 shares traded.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the stock. Barclays cut shares of Schneider Electric from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. Citigroup raised Schneider Electric from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 17th. Two analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy".
Read Our Latest Research Report on Schneider Electric
Schneider Electric Stock Down 1.6%
The company has a 50 day simple moving average of $51.03 and a 200-day simple moving average of $49.75. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.23 and a quick ratio of 0.95.
Schneider Electric Cuts Dividend
The business also recently disclosed a dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.6749 per share. This represents a dividend yield of 1.39%. The ex-dividend date was Wednesday, May 14th.
About Schneider Electric
(
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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.
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