Schneider Electric (OTCMKTS:SBGSY) Sees Large Volume Increase – Still a Buy?

Schneider Electric SE (OTCMKTS:SBGSY) shares saw an uptick in trading volume on Wednesday. 749,837 shares changed hands during trading, an increase of 92% from the previous session’s volume of 391,124 shares. The stock last traded at $58.5050 and had previously closed at $59.49.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on SBGSY shares. Erste Group Bank upgraded shares of Schneider Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Santander lowered shares of Schneider Electric from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 8th. Zacks Research cut shares of Schneider Electric from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 3rd. Morgan Stanley reiterated an “overweight” rating on shares of Schneider Electric in a research report on Monday, June 29th. Finally, Barclays reissued an “overweight” rating on shares of Schneider Electric in a research note on Monday, October 5th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Schneider Electric Stock Performance

The business has a 50 day moving average of $66.15 and a two-hundred day moving average of $63.76.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Notis McConarty Edward lifted its holdings in shares of Schneider Electric by 0.5% in the second quarter. Notis McConarty Edward now owns 85,119 shares of the industrial products company’s stock valued at $5,548,000 after purchasing an additional 425 shares in the last quarter. Elefante Mark B grew its holdings in Schneider Electric by 10.0% during the second quarter. Elefante Mark B now owns 96,539 shares of the industrial products company’s stock worth $6,292,000 after buying an additional 8,800 shares in the last quarter. Azimuth Capital Investment Management LLC purchased a new stake in Schneider Electric in the 2nd quarter valued at $11,623,000. Finally, Madison Asset Management LLC raised its position in Schneider Electric by 2.7% in 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 during the last quarter. 0.83% of the stock is owned by institutional investors.

Schneider Electric Company Profile

Schneider Electric SE is a France-based global provider of energy management and industrial automation technologies. The company helps businesses, infrastructure operators, data centers, buildings and residential customers manage electrical power more efficiently, reliably and sustainably.

Its products and services include low- and medium-voltage electrical distribution equipment, circuit breakers, switches, power monitoring systems, uninterruptible power supplies, industrial control and automation systems, building management technologies, and related software and digital services.