Schneider Electric S.E. (OTCMKTS:SBGSF) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

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 $257.00 and traded as high as $274.90. Schneider Electric S.E. shares last traded at $274.07, with a volume of 1,577 shares traded.

Schneider Electric S.E. Trading Up 6.0 %

The business’s fifty day moving average is $257.00 and its 200 day moving average is $256.31.

Institutional Investors Weigh In On Schneider Electric S.E.

An institutional investor recently bought a new position in Schneider Electric S.E. stock. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Schneider Electric S.E. (OTCMKTS:SBGSF) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 14,820 shares of the company’s stock, valued at approximately $3,696,000. 41.67% of the stock is owned by hedge funds and other institutional investors.

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.