Schneider Electric (OTCMKTS:SBGSY) Sees Unusually-High Trading Volume – Here’s What Happened

Schneider Electric SE (OTCMKTS:SBGSY) saw an uptick in trading volume on Tuesday . 1,995,290 shares were traded during trading, an increase of 349% from the previous session’s volume of 444,236 shares.The stock last traded at $58.96 and had previously closed at $58.59.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SBGSY. JPMorgan Chase & Co. raised Schneider Electric from a “neutral” rating to an “overweight” rating in a research report on Thursday, December 4th. Zacks Research raised Schneider Electric from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. Evercore ISI assumed coverage on shares of Schneider Electric in a research report on Monday, December 15th. They issued an “outperform” rating on the stock. Morgan Stanley upgraded shares of Schneider Electric from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 27th. Finally, Citigroup reissued a “buy” rating on shares of Schneider Electric in a research report on Monday, December 15th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Schneider Electric Price Performance

The business has a 50 day moving average of $55.10 and a 200 day moving average of $54.47.

Schneider Electric Company Profile

Schneider Electric is a global specialist in energy management and automation solutions, offering products and services that help customers optimize the use of electrical power and industrial processes. Headquartered in Rueil-Malmaison, France, the company traces its industrial roots back to the 19th century and has evolved into a technology-driven provider of electrical distribution, control and automation equipment, and related software and services.

The company’s portfolio spans low- and medium-voltage electrical distribution, building and home automation, industrial automation and control systems, critical power and cooling for data centers, and integrated software platforms that enable monitoring, analytics and remote operations.