Rexel (OTCMKTS:RXEEY) Sees Strong Trading Volume – Here’s What Happened

Shares of Rexel S.A. (OTCMKTS:RXEEY) saw unusually-high trading volume on Monday . 13,013 shares traded hands during mid-day trading, a decline of 27% from the previous session’s volume of 17,802 shares.The stock last traded at $43.57 and had previously closed at $43.16.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on RXEEY shares. Zacks Research upgraded Rexel to a “hold” rating in a report on Tuesday, June 9th. Jefferies Financial Group upgraded shares of Rexel from a “hold” rating to a “buy” rating in a research note on Wednesday, April 8th. Finally, 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Rexel Stock Down 0.5%

The stock has a market cap of $12.92 billion and a price-to-earnings ratio of 54.80. The company’s 50-day moving average is $42.78 and its 200-day moving average is $41.68.

Rexel Company Profile

Rexel is a global distributor specializing in electrical supplies and services for residential, commercial and industrial markets. The company’s product portfolio includes wiring, lighting, automation and control systems, energy management solutions, safety equipment and renewable energy products. Rexel supports its customers with technical expertise, digital tools and value-added services such as inventory management, project management and on-site support.

Headquartered in Paris, France, Rexel operates in more than 25 countries across Europe, North America, Asia-Pacific and Latin America.