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

Rexel S.A. (OTCMKTS:RXEEY) gapped up prior to trading on Wednesday . The stock had previously closed at $42.68, but opened at $44.83. Rexel shares last traded at $44.05, with a volume of 1,689 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Zacks Research raised shares of Rexel to a “hold” rating in a research report on Tuesday, June 9th. Jefferies Financial Group raised shares of Rexel from a “hold” rating to a “buy” rating in a report on Wednesday, April 8th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Rexel presently has an average rating of “Moderate Buy”.

Rexel Stock Performance

The company’s 50-day simple moving average is $42.82 and its two-hundred day simple moving average is $41.23. The firm has a market cap of $13.08 billion and a PE ratio of 54.80.

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.