Schneider Electric S.E. (OTCMKTS:SBGSF) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Schneider Electric S.E. (OTCMKTS:SBGSF)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $257.24 and traded as low as $247.90. Schneider Electric S.E. shares last traded at $255.21, with a volume of 329 shares traded.

Schneider Electric S.E. Stock Performance

The company’s 50-day simple moving average is $257.24 and its 200-day simple moving average is $257.50.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Schneider Electric S.E. stock. Generali Investments CEE investicni spolecnost a.s. bought a new stake in Schneider Electric S.E. (OTCMKTS:SBGSF) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 14,820 shares of the company’s stock, valued at approximately $3,696,000. Hedge funds and other institutional investors own 41.67% of the company’s stock.

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.