Schneider Electric (OTCMKTS:SBGSF) Trading Up 0.6%

Schneider Electric SE (OTCMKTS:SBGSF) was up 0.6% during mid-day trading on Thursday . The stock traded as high as $89.10 and last traded at $89.10, approximately 322 shares changed hands during trading. A decline of 93% from the average daily volume of 4,775 shares. The stock had previously closed at $88.60.

The company has a 50-day simple moving average of $83.48 and a 200-day simple moving average of $82.98.

A hedge fund recently bought a new stake in Schneider Electric stock. Griffin Asset Management Inc. purchased a new position in Schneider Electric SE (OTCMKTS:SBGSF) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,100 shares of the company’s stock, valued at approximately $100,000.

About Schneider Electric (OTCMKTS:SBGSF)

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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