Edenred (OTCMKTS:EDNMY) Shares Gap Down – Time to Sell?

by · The Markets Daily

Edenred (OTCMKTS:EDNMY – Get Free Report)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $17.80, but opened at $16.85. Edenred shares last traded at $16.85, with a volume of 16,213 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on EDNMY shares. Citigroup reissued a “neutral” rating on shares of Edenred in a research note on Thursday, July 30th. Zacks Research raised Edenred from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Edenred in a report on Monday, August 3rd. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Edenred in a report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Read Our Latest Stock Analysis on EDNMY

Edenred Trading Up 0.1%

The business’s fifty day moving average price is $15.93 and its 200-day moving average price is $13.22.

Edenred Company Profile

(Get Free Report)

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.

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