Redeia Corporación (OTCMKTS:RDEIY) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Redeia Corporación, S.A. (OTCMKTS:RDEIY)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.98 and traded as low as $8.27. Redeia Corporación shares last traded at $8.28, with a volume of 31,227 shares traded.

Wall Street Analysts Forecast Growth

RDEIY has been the subject of a number of recent research reports. BNP Paribas upgraded Redeia Corporación from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Morgan Stanley downgraded Redeia Corporación from an “equal weight” rating to an “underweight” rating in a research note on Thursday, December 5th.

Redeia Corporación Stock Performance

The business’s fifty day moving average price is $8.61 and its 200-day moving average price is $8.98.

Redeia Corporación Cuts Dividend

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

About Redeia Corporación

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).