Edenred (OTCMKTS:EDNMY) Shares Down 5.1% – Time to Sell?

by · The Cerbat Gem

Shares of Edenred (OTCMKTS:EDNMY – Get Free Report) traded down 5.1% on Monday . The company traded as low as $10.20 and last traded at $10.20. 14,701 shares were traded during trading, an increase of 11% from the average session volume of 13,265 shares. The stock had previously closed at $10.75.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EDNMY. Zacks Research cut shares of Edenred from a “hold” rating to a “strong sell” rating in a report on Monday, October 27th. Morgan Stanley restated an “overweight” rating on shares of Edenred in a research note on Wednesday, September 3rd. Citigroup reiterated a “neutral” rating on shares of Edenred in a report on Wednesday, October 22nd. Finally, Sanford C. Bernstein downgraded Edenred from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Edenred has a consensus rating of “Hold”.

Check Out Our Latest Research Report on EDNMY

Edenred Trading Down 6.5%

The stock has a fifty day moving average of $12.28 and a 200-day moving average of $13.80.

About Edenred

(Get Free Report)

Edenred SE provides digital platform for services and payments for companies, employees, and merchants worldwide. It offers employee benefit solutions, including Ticket Restaurant, a solution that allows employees to take time out for lunch at a partner merchant; Ticket Alimentación that allows users to pay for groceries in neighborhood stores and supermarkets; Ticket Regalo, a gift voucher; Ticket CESU, a human services solution; Ticket Plus Card, a solution that enables the purchase of staples, such as food and fuel; Ticket Welfare, which employees can use to pay for a range of services, such as access to sports facilities and solutions for their children’s educational needs; Ticket Guardería for companies without on-site daycare facilities; Childcare Vouchers; Ticket EcoCheque, a solutions that encourages purchase of environmentally friendly products; Ticket Kadeos Culture and Ticket Cultura that are solutions for cultural goods and services.

Featured Articles