Edenred (OTCMKTS:EDNMY) Shares Gap Down – Should You Sell?
by Teresa Graham · The Cerbat GemEdenred (OTCMKTS:EDNMY – Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $13.00, but opened at $12.50. Edenred shares last traded at $12.50, with a volume of 156 shares changing hands.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on EDNMY shares. Zacks Research upgraded shares of Edenred from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Jefferies Financial Group reiterated a “hold” rating on shares of Edenred in a research note on Friday, April 17th. Kepler Capital Markets raised Edenred to a “strong-buy” rating in a report on Sunday, March 15th. Finally, Citigroup restated a “neutral” rating on shares of Edenred in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Edenred has a consensus rating of “Hold”.
Read Our Latest Stock Report on Edenred
Edenred Price Performance
The stock’s fifty day simple moving average is $12.00 and its 200-day simple moving average is $11.16.
About Edenred
Edenred is a global leader in prepaid corporate services, offering a suite of digital and paper-based solutions designed to enhance employee benefits, streamline expense management and support corporate fleets. The company originated in 1962 as part of the Accor group and was listed as an independent entity on Euronext Paris in 2010. Today, Edenred operates under the Ticket Restaurant® brand, which remains a flagship offering for meal voucher programs, alongside a host of other employee engagement and incentive tools.
The company’s core products and services include employee benefits such as meal vouchers, food allowances and leisure gift certificates, as well as incentive and rewards programs that help organizations motivate and recognize their workforce.