Schneider Electric S.E. (OTCMKTS:SBGSF) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Shares of Schneider Electric S.E. (OTCMKTS:SBGSF) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-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.

Schneider Electric S.E. Price Performance

The stock has a 50-day simple moving average of $254.49 and a 200-day simple moving average of $257.43.

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 position in Schneider Electric S.E. (OTCMKTS:SBGSF) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 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.

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.