Edenred (OTCMKTS:EDNMY) Shares Gap Down – Should You Sell?

Edenred (OTCMKTS:EDNMY) shares gapped down before the market opened on Monday . The stock had previously closed at $10.80, but opened at $10.25. Edenred shares last traded at $10.25, with a volume of 233 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EDNMY. Morgan Stanley reaffirmed an “overweight” rating on shares of Edenred in a research note on Wednesday, September 3rd. Sanford C. Bernstein cut shares of Edenred from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Zacks Research lowered Edenred from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th. Finally, Citigroup reissued a “neutral” rating on shares of Edenred in a research note on Wednesday, October 22nd. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Edenred Price Performance

The business’s 50-day moving average price is $12.36 and its 200 day moving average price is $13.90.

About Edenred

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.