Edenred (OTCMKTS:EDNMY) Trading Up 5.3% – Time to Buy?

Edenred (OTCMKTS:EDNMY) shares were up 5.3% during mid-day trading on Thursday . The stock traded as high as $11.02 and last traded at $10.95. Approximately 20,232 shares traded hands during trading, a decline of 25% from the average daily volume of 26,996 shares. The stock had previously closed at $10.40.

Wall Street Analyst Weigh In

Several analysts have weighed in on EDNMY shares. UBS Group lowered shares of Edenred from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Zacks Research upgraded shares of Edenred from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Edenred has an average rating of “Hold”.

Edenred Stock Up 5.3%

The company has a 50 day moving average price of $10.76 and a 200-day moving average price of $11.70.

About Edenred

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.