Schneider Electric S.E. (OTCMKTS:SBGSF) Stock Passes Below Fifty Day Moving Average – Here’s Why

Schneider Electric S.E. (OTCMKTS:SBGSF) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $257.24 and traded as low as $247.90. Schneider Electric S.E. shares last traded at $255.21, with a volume of 329 shares changing hands.

Schneider Electric S.E. Price Performance

The business’s 50-day simple moving average is $257.24 and its two-hundred day simple moving average is $257.50.

Institutional Trading of 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. bought a new stake in Schneider Electric S.E. (OTCMKTS:SBGSF) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 14,820 shares of the company’s stock, valued at approximately $3,696,000. Institutional investors own 41.67% of the company’s stock.

About Schneider Electric S.E.

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.