Rexel (OTCMKTS:RXEEY) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

Rexel S.A. (OTCMKTS:RXEEY) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $27.46 and traded as low as $26.68. Rexel shares last traded at $27.25, with a volume of 9,210 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein upgraded Rexel from a “market perform” rating to an “outperform” rating in a research note on Monday, January 6th.

Rexel Trading Up 2.1 %

The business has a fifty day moving average of $27.46 and a 200 day moving average of $27.30.

About Rexel

Rexel SA, together with its subsidiaries, engages in distribution of low and ultra-low voltage electrical products and services for the residential, commercial, and industrial markets in France, Europe, North America, and Asia-Pacific. The company offers smart cameras, sensors, controllers, and monitoring software; light sources, lights, and control switches; climate control products, including heat pumps, air conditioning, and water heaters; fire alarms, surveillance equipment, access controls devices, and emergency lightings; and connection cables, and switches and routers, as well as enclosures, mounts, and racks.