Schneider Electric S.E. (OTCMKTS:SBGSF) Shares Cross Above 50 Day Moving Average – Here’s Why

Schneider Electric S.E. (OTCMKTS:SBGSF)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $255.19 and traded as high as $256.00. Schneider Electric S.E. shares last traded at $254.00, with a volume of 1,068 shares traded.

Schneider Electric S.E. Stock Performance

The business has a 50-day moving average price of $255.19 and a two-hundred day moving average price of $257.62.

Institutional Investors Weigh In On Schneider Electric S.E.

A hedge fund recently bought a new stake in Schneider Electric S.E. stock. Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Schneider Electric S.E. (OTCMKTS:SBGSF) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 14,820 shares of the company’s stock, valued at approximately $3,696,000. Institutional investors and hedge funds own 41.67% of the company’s stock.

Schneider Electric S.E. Company Profile

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.