Schneider Electric (OTCMKTS:SBGSY) Shares Gap Up – Here’s What Happened

Schneider Electric SE (OTCMKTS:SBGSY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $50.95, but opened at $53.71. Schneider Electric shares last traded at $53.77, with a volume of 40,444 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SBGSY shares. The Goldman Sachs Group upgraded shares of Schneider Electric to a “strong-buy” rating in a research report on Thursday, March 13th. Citigroup upgraded shares of Schneider Electric from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 17th. Barclays cut shares of Schneider Electric from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 12th. Finally, Royal Bank Of Canada upgraded shares of Schneider Electric from a “strong sell” rating to a “moderate buy” rating in a research report on Wednesday, March 19th. Two equities research analysts have rated the stock with a hold rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Schneider Electric Stock Performance

The business’s 50-day moving average is $49.51 and its 200 day moving average is $49.50. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.23 and a quick ratio of 0.95.

Schneider Electric Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were given a $0.6749 dividend. This represents a yield of 1.39%. The ex-dividend date of this dividend was Wednesday, May 14th.

About Schneider Electric

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.