Edenred (OTCMKTS:EDNMY) Shares Gap Down – Here’s What Happened

Edenred (OTCMKTS:EDNMY) gapped down before the market opened on Tuesday. The stock had previously closed at $14.10, but opened at $13.30. Edenred shares last traded at $13.41, with a volume of 20,002 shares.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Zacks Research downgraded shares of Edenred from a “hold” rating to a “strong sell” rating in a report on Friday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Edenred in a research report on Monday, August 3rd. Citigroup restated a “neutral” rating on shares of Edenred in a report on Thursday, July 30th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Edenred in a research report on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Edenred Stock Down 4.9%

The company has a 50-day simple moving average of $16.32 and a 200 day simple moving average of $13.26.

About Edenred

Edenred SE is a France-based provider of digital payment and service solutions for employers, employees, merchants and public institutions. The company operates platforms that connect organizations with beneficiaries and affiliated merchants, helping manage employee benefits, business expenses, mobility programs and social assistance.

Its products and services include meal and food vouchers, employee engagement and incentive solutions, corporate payment cards, expense-management tools, fleet and fuel payments, toll services, and mobility-related benefits.