RS Group (OTCMKTS:EENEF) Trading 18.1% Higher – Here’s What Happened

RS Group plc (OTCMKTS:EENEF)’s share price rose 18.1% on Thursday . The company traded as high as $9.18 and last traded at $9.18. Approximately 262 shares traded hands during trading, a decline of 97% from the average daily volume of 7,500 shares. The stock had previously closed at $7.7750.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley raised RS Group to an “overweight” rating in a report on Tuesday, January 6th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, RS Group has a consensus rating of “Hold”.

RS Group Trading Up 18.1%

The company has a fifty day moving average price of $8.26 and a 200 day moving average price 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.