Schneider Electric (OTCMKTS:SBGSF) Stock Price Down 1.7%
Shares of Schneider Electric SE (OTCMKTS:SBGSF) dropped 1.7% during mid-day trading on Tuesday . The company traded as low as $95.44 and last traded at $95.44, approximately 125 shares changed hands during mid-day trading. A decline of 97% from the average daily volume of 3,963 shares. The stock had previously closed at $97.05.
The firm’s 50 day moving average price is $94.14 and its 200 day moving average price is $87.15.
A hedge fund recently bought a new stake in Schneider Electric stock. Griffin Asset Management Inc. acquired a new position in Schneider Electric SE (OTCMKTS:SBGSF) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,100 shares of the company’s stock, valued at approximately $100,000.
Schneider Electric SE provides energy management and automation solutions worldwide. It operates through four businesses: Low Voltage, Medium Voltage, Secure Power, and Industrial Automation. The Low Voltage business provides low voltage power and building automation products and solutions that address the needs of various end markets from buildings to industries and infrastructure to data centers.
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