Iren (OTC:IRDEY) Shares Up 3.1% – Should You Buy?

Iren SpA (OTC:IRDEY)’s stock price traded up 3.1% during mid-day trading on Wednesday . The stock traded as high as $33.50 and last traded at $33.50. 1,000 shares changed hands during trading, an increase of 900% from the average session volume of 100 shares. The stock had previously closed at $32.50.

Iren Price Performance

The business has a 50 day simple moving average of $31.13 and a 200 day simple moving average of $23.89.

Iren Company Profile

Iren SpA, together with its subsidiaries, operates as a multi-utility company in Italy. It operates through Networks, Waste Management, Energy, Market, and Other Services segments. The company produces and distributes electricity primarily from hydroelectric, thermoelectric, cogeneration, and other renewables, as well as distributes natural gas. It distributes electrical energy through 7,872 kilometers of medium and low voltage networks to approximately 729,000 connected users; and natural gas through its network of approximately 8,160 kilometers of high, medium, and low-pressure pipes to approximately 738,000 customers.