Redeia Corporación (OTCMKTS:RDEIY) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Shares of Redeia Corporación, S.A. (OTCMKTS:RDEIY) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.02 and traded as low as $8.30. Redeia Corporación shares last traded at $8.42, with a volume of 107,030 shares.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. BNP Paribas upgraded Redeia Corporación from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Morgan Stanley cut shares of Redeia Corporación from an “equal weight” rating to an “underweight” rating in a research report on Thursday, December 5th.

Redeia Corporación Trading Down 2.7 %

The firm’s 50-day simple moving average is $8.71 and its 200 day simple moving average is $9.02.

Redeia Corporación Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, January 22nd. Investors of record on Monday, January 6th will be issued a $0.1053 dividend. The ex-dividend date of this dividend is Monday, January 6th.

Redeia Corporación Company Profile

Redeia Corporación, SA engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally. The company operates through three segments: Management and Operation of National Electricity Infrastructure; Management and Operation of International Electricity Infrastructure; and Telecommunications (Satellites and Fibre Optic).