Edenred (OTCMKTS:EDNMY) Shares Gap Down – What’s Next?

Edenred (OTCMKTS:EDNMY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $17.80, but opened at $16.85. Edenred shares last traded at $16.85, with a volume of 16,213 shares changing hands.

Wall Street Analyst Weigh In

EDNMY has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Edenred in a report on Monday, August 3rd. Zacks Research upgraded Edenred from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 26th. Jefferies Financial Group reissued a “hold” rating on shares of Edenred in a research note on Wednesday, June 10th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Edenred in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Edenred has a consensus rating of “Hold”.

Edenred Trading Down 5.3%

The firm’s 50-day moving average price is $15.77 and its 200-day moving average price is $13.14.

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.