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

Shares of Rexel S.A. (OTCMKTS:RXEEY) gapped down before the market opened 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on RXEEY shares. Zacks Research upgraded Rexel to a “hold” rating in a research note on Tuesday, June 9th. Morgan Stanley reiterated an “overweight” rating on shares of Rexel in a research 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Rexel Price Performance

The stock has a fifty day moving average price of $42.35 and a 200 day moving average price of $42.15.

About Rexel

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.