Schneider Electric (OTCMKTS:SBGSY) Stock Price Down 0.6% - Should You Sell?

Key Points

• Schneider Electric's stock price decreased by 0.6%, closing at $55.72 after trading as low as $54.82.
• Analysts have mixed ratings on Schneider Electric, with Barclays downgrading the stock from a "strong-buy" to a "hold," while Citigroup upgraded it from "hold" to "strong-buy."
• The company recently paid a dividend of $0.6749 per share, representing a dividend yield of 1.39%.

Schneider Electric SE (OTCMKTS:SBGSY - Get Free Report) fell 0.6% during mid-day trading on Friday . The stock traded as low as $54.82 and last traded at $55.72. 363,057 shares traded hands during trading, an increase of 44% from the average session volume of 251,588 shares. The stock had previously closed at $56.05.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SBGSY. Barclays lowered shares of Schneider Electric from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. Citigroup raised shares of Schneider Electric from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy".

Schneider Electric Stock Down 0.6%

The stock's 50 day simple moving average is $51.79 and its two-hundred day simple moving average is $49.96. The company has a current ratio of 1.23, a quick ratio of 0.95 and a debt-to-equity ratio of 0.35.

Schneider Electric Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, June 4th. Shareholders 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

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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