Schneider Electric S.E. (OTCMKTS:SBGSY – Get Free Report) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 41,500 shares, a drop of 15.3% from the December 15th total of 49,000 shares. Based on an average daily volume of 356,300 shares, the days-to-cover ratio is presently 0.1 days.
Schneider Electric S.E. Price Performance
Schneider Electric S.E. stock traded up $0.31 during midday trading on Thursday, reaching $52.20. The stock had a trading volume of 205,786 shares, compared to its average volume of 223,199. The firm’s fifty day simple moving average is $50.92 and its 200-day simple moving average is $50.43. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 0.40. Schneider Electric S.E. has a 1-year low of $37.82 and a 1-year high of $55.00.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on SBGSY shares. Berenberg Bank lowered shares of Schneider Electric S.E. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Citigroup raised shares of Schneider Electric S.E. to a “hold” rating in a research note on Wednesday, October 2nd.
About Schneider Electric S.E.
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.
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