Schneider Electric (OTCMKTS:SBGSY) Sees Large Volume Increase – Here’s Why

Shares of Schneider Electric SE (OTCMKTS:SBGSY) saw strong trading volume on Thursday . 1,096,602 shares were traded during trading, an increase of 187% from the previous session’s volume of 382,202 shares.The stock last traded at $52.5050 and had previously closed at $52.70.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SBGSY shares. Morgan Stanley upgraded Schneider Electric from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 27th. Citigroup reiterated a “buy” rating on shares of Schneider Electric in a research note on Wednesday, October 1st. Erste Group Bank upgraded shares of Schneider Electric from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 11th. Zacks Research upgraded shares of Schneider Electric from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. Finally, Santander upgraded shares of Schneider Electric to an “outperform” rating in a research note on Wednesday, September 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Schneider Electric has a consensus rating of “Buy”.

Schneider Electric Trading Down 1.6%

The stock has a fifty day simple moving average of $56.10 and a 200 day simple moving average of $52.93.

Schneider Electric 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.