Redeia Corporación (OTCMKTS:RDEIY) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of Redeia Corporación, S.A. (OTCMKTS:RDEIY) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.94 and traded as low as $8.44. Redeia Corporación shares last traded at $8.44, with a volume of 72,143 shares traded.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RDEIY. Morgan Stanley cut shares of Redeia Corporación from an “equal weight” rating to an “underweight” rating in a research note on Thursday, December 5th. BNP Paribas raised Redeia Corporación from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd.

Redeia Corporación Stock Up 1.3 %

The business’s fifty day moving average is $8.51 and its 200-day moving average is $8.94.

Redeia Corporación Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Monday, January 6th were issued a dividend of $0.1053 per share. The ex-dividend date of this dividend was Monday, January 6th.

About Redeia Corporación

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).