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

Shares of Redeia Corporación, S.A. (OTCMKTS:RDEIY) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-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 trading hands.

Analyst Upgrades and Downgrades

Several research firms recently commented on RDEIY. BNP Paribas raised Redeia Corporación from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Morgan Stanley lowered Redeia Corporación from an “equal weight” rating to an “underweight” rating in a research report on Thursday, December 5th.

Redeia Corporación Price Performance

The stock’s 50-day moving average price is $8.71 and its 200-day moving average price is $9.02.

Redeia Corporación Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Monday, January 6th will be issued a dividend of $0.1053 per share. The ex-dividend date of this dividend 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).