Edenred (OTCMKTS:EDNMY) Shares Gap Up – Still a Buy?

Edenred (OTCMKTS:EDNMY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $10.40, but opened at $10.95. Edenred shares last traded at $10.95, with a volume of 400 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on EDNMY shares. Zacks Research upgraded shares of Edenred from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. Citigroup reaffirmed a “neutral” rating on shares of Edenred in a research report on Wednesday, October 22nd. Finally, UBS Group cut shares of Edenred from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Edenred currently has an average rating of “Hold”.

Edenred Stock Down 2.7%

The stock’s fifty day moving average price is $10.71 and its 200-day moving average price is $12.26.

Edenred Company Profile

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.