Schneider Electric S.E. (OTCMKTS:SBGSF) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Shares of Schneider Electric S.E. (OTCMKTS:SBGSF) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $281.23 and traded as high as $288.57. Schneider Electric S.E. shares last traded at $281.18, with a volume of 508 shares trading hands.

Schneider Electric S.E. Price Performance

The stock’s 50-day moving average is $281.23 and its 200 day moving average is $268.39.

Institutional Investors Weigh In On Schneider Electric S.E.

An institutional investor recently bought a new position in Schneider Electric S.E. stock. Saranac Partners Ltd bought a new position in Schneider Electric S.E. (OTCMKTS:SBGSF) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 567 shares of the company’s stock, valued at approximately $158,000. 41.67% of the stock is currently owned by hedge funds and other 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.