Rexel S.A. (OTCMKTS:RXEEY – Get Free Report) saw unusually-high trading volume on Monday. 44,828 shares changed hands during mid-day trading, an increase of 154% from the previous session’s volume of 17,656 shares. The stock last traded at $37.77 and had previously closed at $36.50.
Wall Street Analyst Weigh In
Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of Rexel in a research report on Tuesday, October 6th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.
Get Our Latest Stock Analysis on Rexel
Rexel Trading Up 3.6%
The firm’s fifty day simple moving average is $40.62 and its 200-day simple moving average is $42.18.
Rexel Company Profile
Rexel is a France-based distributor of electrical products and related solutions for residential, commercial and industrial customers. The company supplies equipment used in electrical installations, including wiring and cabling, circuit protection, lighting, automation and control systems, tools, safety products, and heating, ventilation and air-conditioning equipment.
Rexel serves electrical contractors, industrial businesses, construction companies, utilities and other professional customers through branch networks, sales teams and digital commerce platforms.
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