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Redeia Corporacion (OTCMKTS:RDEIY) Shares Pass Below Fifty Day Moving Average - What's Next?

Redeia Corporación logo with Utilities background

Redeia Corporacion SA - Unsponsored ADR (OTCMKTS:RDEIY - Get Free Report) shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $10.37 and traded as low as $10.16. Redeia Corporacion shares last traded at $10.22, with a volume of 47,117 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas cut Redeia Corporacion from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 6th.

View Our Latest Stock Report on Redeia Corporacion

Redeia Corporacion Trading Down 2.0%

The company has a debt-to-equity ratio of 0.98, a current ratio of 1.18 and a quick ratio of 1.14. The firm's 50-day moving average is $10.41 and its 200 day moving average is $9.42.

Redeia Corporacion Company Profile

(Get Free Report)

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).

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