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

Redeia Corporación, S.A. (OTCMKTS:RDEIY) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

Wall Street Analyst Weigh In

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

Redeia Corporación Trading Up 0.6 %

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

Redeia Corporación Cuts Dividend

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