Edenred (OTCMKTS:EDNMY) Shares Gap Up – Time to Buy?
by Michael Walen · The Markets DailyShares of Edenred (OTCMKTS:EDNMY – Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $10.10, but opened at $10.95. Edenred shares last traded at $10.97, with a volume of 316 shares.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the company. Citigroup reiterated a “neutral” rating on shares of Edenred in a research note on Wednesday, October 22nd. Zacks Research downgraded Edenred from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Edenred presently has a consensus rating of “Hold”.
Read Our Latest Stock Report on Edenred
Edenred Stock Performance
The business has a fifty day moving average of $10.82 and a 200-day moving average of $12.80.
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.