Edenred (OTCMKTS:EDNMY) Shares Gap Down – Should You Sell?

Edenred (OTCMKTS:EDNMY)’s stock price gapped down before the market opened on Wednesday. The stock had previously closed at $14.55, but opened at $13.90. Edenred shares last traded at $14.40, with a volume of 1,095 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on EDNMY shares. Zacks Research lowered shares of Edenred from a “hold” rating to a “strong sell” rating in a report on Friday, October 23rd. Citigroup restated a “neutral” rating on shares of Edenred in a report on Thursday, July 30th. Deutsche Bank restated a “buy” rating on shares of Edenred in a report on Monday, August 3rd. Finally, Morgan Stanley restated an “overweight” rating on shares of Edenred in a report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold”.

Edenred Trading Down 1.0%

The firm’s fifty day simple moving average is $15.55 and its 200 day simple moving average is $13.42.

About Edenred

Edenred is a France-based services and payments company that connects employers, employees, merchants and public-sector organizations. Its offerings include employee benefit solutions, corporate payment services and mobility programs. The company is best known for meal benefits, such as its Ticket Restaurant products, and also provides gift and incentive programs, employee engagement services, and tools for managing business expenses and payments. Its mobility services support businesses with fuel, fleet and related expenses.