Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY – Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $8.66 and traded as high as $8.76. Redeia Corporacion shares last traded at $8.73, with a volume of 50,431 shares.
Redeia Corporacion Price Performance
The company’s 50-day simple moving average is $8.45 and its 200 day simple moving average is $8.66. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.12 and a current ratio of 1.18.
Redeia Corporacion Company Profile
Redeia Corporación, formerly known as Red Eléctrica Corporación, is a Spanish infrastructure group focused on the operation and management of essential energy and communications networks. Its principal business is conducted through Red Eléctrica de España, which operates Spain’s high-voltage electricity transmission system and performs the national electricity system operator function. The company helps maintain grid reliability, manage electricity flows and support the integration of renewable energy into the power system.
Redeia also develops and manages telecommunications infrastructure.
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