RS Group (OTCMKTS:EENEF) Trading Up 18.1% – Here’s Why

RS Group plc (OTCMKTS:EENEF) traded up 18.1% during mid-day trading on Thursday . The stock traded as high as $9.18 and last traded at $9.18. 262 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 7,500 shares. The stock had previously closed at $7.7750.

Analysts Set New Price Targets

Separately, Morgan Stanley upgraded RS Group to an “overweight” rating in a report on Tuesday, January 6th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, RS Group has a consensus rating of “Hold”.

RS Group Price Performance

The business has a fifty day moving average of $8.29 and a 200 day moving average of $8.24.

About RS Group

RS Group plc (OTCMKTS:EENEF) is a global distributor of industrial and electronic products, serving engineers, procurement professionals and maintenance teams. The company offers a comprehensive range of over 500,000 products, including electronic components, automation and control devices, tools, fasteners, test and measurement equipment, and maintenance supplies. RS Group’s digital platforms and catalogues provide customers with real-time stock information, technical resources and e-procurement solutions designed to streamline supply chain management.

Through its two core brands – RS Components in Europe and Allied Electronics & Automation in North America – RS Group supports industries such as manufacturing, transportation, energy and infrastructure.