Schneider Electric SE (OTCMKTS:SBGSY – Get Free Report)’s share price hit a new 52-week low during trading on Thursday. The company traded as low as $50.11 and last traded at $50.42, with a volume of 280,446 shares changing hands. The stock had previously closed at $52.47.
Analysts Set New Price Targets
A number of analysts have commented on the stock. Barclays restated an “overweight” rating on shares of Schneider Electric in a research note on Monday, October 5th. Zacks Research downgraded shares of Schneider Electric from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 3rd. Erste Group Bank lowered shares of Schneider Electric from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 21st. Finally, Santander cut shares of Schneider Electric from an “outperform” rating to a “neutral” rating in a research report on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.
Read Our Latest Stock Analysis on SBGSY
Schneider Electric Stock Performance
The company has a debt-to-equity ratio of 0.56, a current ratio of 1.09 and a quick ratio of 0.81. The company has a 50 day simple moving average of $61.73 and a 200-day simple moving average of $61.84.
Institutional Investors Weigh In On Schneider Electric
A number of institutional investors and hedge funds have recently made changes to their positions in SBGSY. Azimuth Capital Investment Management LLC bought a new stake in Schneider Electric during the second quarter valued at approximately $11,623,000. Elefante Mark B raised its position in shares of Schneider Electric by 10.0% during the 2nd quarter. Elefante Mark B now owns 96,539 shares of the industrial products company’s stock valued at $6,292,000 after buying an additional 8,800 shares in the last quarter. Madison Asset Management LLC raised its position in shares of Schneider Electric by 2.7% during the 2nd quarter. Madison Asset Management LLC now owns 246,582 shares of the industrial products company’s stock valued at $16,072,000 after buying an additional 6,591 shares in the last quarter. Finally, Notis McConarty Edward lifted its holdings in shares of Schneider Electric by 0.5% during the 2nd quarter. Notis McConarty Edward now owns 85,119 shares of the industrial products company’s stock worth $5,548,000 after acquiring an additional 425 shares during the last quarter. Hedge funds and other institutional investors own 0.83% of the company’s stock.
Schneider Electric Company Profile
Schneider Electric SE is a France-based multinational company specializing in energy management and industrial automation. Its offerings help businesses, infrastructure operators, data centers, buildings and residential customers distribute, control, monitor and optimize electricity while improving operational efficiency and sustainability.
The company provides electrical distribution equipment, circuit breakers, switchgear, power management systems, industrial automation and control technologies, building-management solutions, and data-center infrastructure.
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