Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY – Get Free Report)’s share price shot up 8.1% on Tuesday . The stock traded as high as $10.03 and last traded at $9.6975. Approximately 192,877 shares changed hands during mid-day trading, an increase of 120% from the average daily volume of 87,542 shares. The stock had previously closed at $8.97.
Redeia Corporacion Trading Up 8.1%
The stock has a 50 day moving average price of $8.66 and a 200-day moving average price of $8.74. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.17 and a current ratio of 1.23.
Redeia Corporacion Company Profile
Redeia Corporación (OTCMKTS:RDEIY) is a Spain-based energy infrastructure group principally engaged in the transmission of electricity, provision of telecommunications services through an extensive fiber-optic network, and transportation and distribution of natural gas. In its electricity transmission business, Redeia operates and maintains high-voltage lines and substations under long-term concession agreements, ensuring the reliable flow of power across the Iberian Peninsula. Its telecommunications arm leverages that same network infrastructure to serve both internal grid-management needs and third-party clients, supporting data traffic and digital services.
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