Edenred (OTCMKTS:EDNMY) Shares Gap Up – Here’s Why

Edenred (OTCMKTS:EDNMY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $15.80, but opened at $17.00. Edenred shares last traded at $17.00, with a volume of 266 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group reiterated a “hold” rating on shares of Edenred in a report on Wednesday, June 10th. Zacks Research lowered shares of Edenred from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Citigroup reissued a “neutral” rating on shares of Edenred in a report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Edenred in a report on Monday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold”.

Edenred Price Performance

The firm has a 50-day moving average of $13.81 and a 200 day moving average of $12.05.

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.