Rexel (OTCMKTS:RXEEY) Trading Down 10.9% – Time to Sell?

Shares of Rexel S.A. (OTCMKTS:RXEEY) were down 10.9% during trading on Wednesday . The stock traded as low as $39.5820 and last traded at $39.65. 5,331 shares were traded during trading, a decline of 69% from the average daily volume of 17,102 shares. The stock had previously closed at $44.50.

Wall Street Analyst Weigh In

Several research firms have issued reports on RXEEY. Morgan Stanley restated an “overweight” rating on shares of Rexel in a research report on Monday, June 29th. Zacks Research upgraded Rexel to a “hold” rating in a research report on Tuesday, June 9th. Finally, Jefferies Financial Group raised Rexel from a “hold” rating to a “buy” rating in a research note on Wednesday, April 8th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Rexel Stock Down 3.3%

The stock has a market capitalization of $11.73 billion and a price-to-earnings ratio of 54.80. The firm has a 50-day moving average of $43.12 and a two-hundred day moving average of $42.18.

About Rexel

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.