Redeia Corporacion (OTCMKTS:RDEIY) Shares Gap Down - Here's Why

Redeia Corporacion SA - Unsponsored ADR (OTCMKTS:RDEIY - Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $10.77, but opened at $10.32. Redeia Corporacion shares last traded at $10.32, with a volume of 3,081 shares.

Analyst Ratings Changes

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

Redeia Corporacion Stock Down 3.7%

The stock has a fifty day simple moving average of $10.37 and a two-hundred day simple moving average of $9.58.

Redeia Corporacion Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Tuesday, July 8th will be paid a $0.2115 dividend. This represents a yield of 2.57%. The ex-dividend date of this dividend is Monday, July 7th. This is a boost from Redeia Corporacion's previous dividend of $0.11.

Redeia Corporacion 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).

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