Acciona (OTCMKTS:ACXIF) Shares Down 12.5% – What’s Next?

Acciona, S.A. (OTCMKTS:ACXIF) shares dropped 12.5% on Tuesday . The stock traded as low as $207.4450 and last traded at $207.4450. Approximately 27 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 238 shares. The stock had previously closed at $237.16.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Santander cut Acciona to a “neutral” rating in a research report on Wednesday, November 5th. Citigroup lowered shares of Acciona from a “neutral” rating to a “sell” rating in a research note on Tuesday, September 16th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Acciona currently has an average rating of “Reduce”.

Acciona Stock Down 12.5%

The company has a 50-day simple moving average of $212.92 and a 200 day simple moving average of $191.97.

Acciona Company Profile

Acciona, SA, together with its subsidiaries, engages in the energy, infrastructure, and other businesses in Spain and internationally. The company develops, constructs, operates, and maintains wind, solar photovoltaic, solar thermal, hydro, and biomass plants. It also engages in designing, construction, maintenance, and management of infrastructure projects, including bridges, highways, motorways, roads, tunnels, railway, and metros and trams, as well as ports and water channels, airports, freight forwarding, data centers, substations, and transmission lines.