Rexel (OTCMKTS:RXEEY) Stock Price Passes Above 50 Day Moving Average – What’s Next?

Rexel S.A. (OTCMKTS:RXEEY)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $43.01 and traded as high as $43.77. Rexel shares last traded at $43.09, with a volume of 9,595 shares.

Wall Street Analysts Forecast Growth

RXEEY has been the topic of several recent analyst reports. Jefferies Financial Group raised shares of Rexel from a “hold” rating to a “buy” rating in a research note on Wednesday, April 8th. Zacks Research raised shares of Rexel to a “hold” rating in a research note on Tuesday, June 9th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Rexel in a report on Monday, June 29th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Rexel Stock Down 0.2%

The company has a market capitalization of $12.80 billion and a price-to-earnings ratio of 54.80. The stock’s fifty day moving average price is $43.01 and its 200-day moving average price is $42.29.

About Rexel

Rexel is a global distributor specializing in electrical supplies and services for residential, commercial and industrial markets. The company’s product portfolio includes wiring, lighting, automation and control systems, energy management solutions, safety equipment and renewable energy products. Rexel supports its customers with technical expertise, digital tools and value-added services such as inventory management, project management and on-site support.

Headquartered in Paris, France, Rexel operates in more than 25 countries across Europe, North America, Asia-Pacific and Latin America.