Rexel S.A. (OTCMKTS:RXEEY – Get Free Report)’s stock price passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $39.99 and traded as high as $40.60. Rexel shares last traded at $40.60, with a volume of 14,994 shares changing hands.
Wall Street Analyst Weigh In
Separately, Morgan Stanley reissued an “overweight” rating on shares of Rexel in a report on Tuesday, October 6th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.
Get Our Latest Research Report on Rexel
Rexel Stock Performance
The firm’s 50 day moving average is $39.99 and its two-hundred day moving average is $41.74.
About Rexel
Rexel is a France-based distributor of electrical products and services, serving professional customers such as electricians, contractors, industrial companies and building operators. The company supplies equipment used in residential, commercial and industrial projects, including electrical installation materials, lighting, automation and control systems, cables, and energy-management solutions. In addition to product distribution, Rexel provides services such as technical advice, logistics support and digital tools designed to help customers plan and manage projects.
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