Schneider Electric S.E. (OTCMKTS:SBGSF) Shares Pass Below 50 Day Moving Average – Time to Sell?

Schneider Electric S.E. (OTCMKTS:SBGSF) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $257.37 and traded as low as $248.12. Schneider Electric S.E. shares last traded at $251.91, with a volume of 986 shares trading hands.

Schneider Electric S.E. Price Performance

The stock has a 50-day moving average price of $257.37 and a 200-day moving average price of $255.37.

Hedge Funds 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. bought a new position in shares of Schneider Electric S.E. (OTCMKTS:SBGSF) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 14,820 shares of the company’s stock, valued at approximately $3,696,000. 41.67% of the stock is currently owned by 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.