Rexel (OTCMKTS:RXEEY) Shares Gap Down – Here’s Why

Shares of Rexel S.A. (OTCMKTS:RXEEY – Get Free Report) gapped down prior to trading on Friday. The stock had previously closed at $42.79, but opened at $41.5085. Rexel shares last traded at $41.33, with a volume of 1,075 shares traded.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on RXEEY shares. Zacks Research upgraded Rexel to a “hold” rating in a research note on Tuesday, June 9th. Morgan Stanley reaffirmed an “overweight” rating on shares of Rexel in a research report on Monday, June 29th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

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Rexel Stock Performance

The stock’s 50-day moving average price is $42.35 and its two-hundred day moving average price is $42.15.

Rexel Company Profile

(Get Free Report)

Rexel is a France-based distributor of electrical products and services for professional customers. The company supplies equipment used in residential, commercial and industrial construction, renovation, maintenance and infrastructure projects. Its offerings include electrical installation products, cables, lighting, safety equipment, automation and control systems, tools, and energy-management solutions.

Rexel also supports the transition toward electrification through products and services related to energy efficiency, renewable energy, electric-vehicle charging, building management and distributed power systems.

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