Edenred (OTCMKTS:EDNMY) Shares Gap Up – Should You Buy?

Edenred (OTCMKTS:EDNMY) shares gapped up prior to trading on Thursday . The stock had previously closed at $14.10, but opened at $14.85. Edenred shares last traded at $14.85, with a volume of 190 shares.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EDNMY. Jefferies Financial Group reaffirmed a “hold” rating on shares of Edenred in a research report on Wednesday, June 10th. Zacks Research upgraded Edenred from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Finally, Citigroup reaffirmed a “neutral” rating on shares of Edenred in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Edenred Stock Performance

The firm’s 50 day moving average is $12.94 and its two-hundred day moving average is $11.59.

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.