Edenred (OTCMKTS:EDNMY) Shares Gap Down – Here’s What Happened

by · The Cerbat Gem

Edenred (OTCMKTS:EDNMY – Get Free Report)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $12.50, but opened at $11.98. Edenred shares last traded at $12.20, with a volume of 760 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. UBS Group cut shares of Edenred from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. Citigroup reissued a “neutral” rating on shares of Edenred in a report on Friday, April 24th. Jefferies Financial Group reissued a “hold” rating on shares of Edenred in a report on Friday, April 17th. Kepler Capital Markets upgraded shares of Edenred to a “strong-buy” rating in a research report on Sunday, March 15th. Finally, Zacks Research cut shares of Edenred from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Edenred has a consensus rating of “Hold”.

Get Our Latest Analysis on Edenred

Edenred Trading Up 1.6%

The company has a 50 day moving average of $11.20 and a two-hundred day moving average of $11.10.

About Edenred

(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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