Redeia Corporación (OTCMKTS:RDEIY) Stock Passes Below 200-Day Moving Average – Should You Sell?

Shares of Redeia Corporación, S.A. (OTCMKTS:RDEIY) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.02 and traded as low as $8.30. Redeia Corporación shares last traded at $8.42, with a volume of 107,030 shares.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. BNP Paribas raised shares of Redeia Corporación from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Morgan Stanley lowered shares of Redeia Corporación from an “equal weight” rating to an “underweight” rating in a research note on Thursday, December 5th.

Redeia Corporación Price Performance

The firm has a 50-day moving average price of $8.71 and a 200-day moving average price of $9.02.

Redeia Corporación Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, January 22nd. Investors of record on Monday, January 6th will be paid a $0.1053 dividend. The ex-dividend date of this dividend is Monday, January 6th.

Redeia Corporación 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).