Schneider Electric (OTCMKTS:SBGSY) Shares Gap Down – Should You Sell?

Schneider Electric SE (OTCMKTS:SBGSY) shares gapped down before the market opened on Thursday . The stock had previously closed at $65.18, but opened at $63.41. Schneider Electric shares last traded at $63.47, with a volume of 8,815 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Berenberg Bank raised Schneider Electric to a “strong-buy” rating in a research note on Monday, June 1st. Morgan Stanley reaffirmed an “overweight” rating on shares of Schneider Electric in a research report on Monday. Finally, Barclays upgraded Schneider Electric from an “equal weight” rating to an “overweight” rating in a research note on Monday, April 13th. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Schneider Electric currently has a consensus rating of “Buy”.

Schneider Electric Stock Performance

The company has a current ratio of 1.19, a quick ratio of 0.90 and a debt-to-equity ratio of 0.61. The company’s fifty day simple moving average is $63.45 and its 200-day simple moving average is $59.89.

About Schneider Electric

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.