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

Edenred (OTCMKTS:EDNMY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $14.64, but opened at $13.50. Edenred shares last traded at $13.50, with a volume of 139 shares traded.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EDNMY. Morgan Stanley reaffirmed an “overweight” rating on shares of Edenred in a research note on Wednesday, September 3rd. Sanford C. Bernstein downgraded Edenred from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Citigroup reiterated a “neutral” rating on shares of Edenred in a report on Wednesday, October 22nd. Finally, Zacks Research cut Edenred from a “hold” rating to a “strong sell” rating in a research note on Monday, October 27th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Edenred has an average rating of “Hold”.

Edenred Stock Performance

The business has a 50 day moving average of $13.04 and a 200-day moving average of $14.53.

About Edenred

Edenred SE provides digital platform for services and payments for companies, employees, and merchants worldwide. It offers employee benefit solutions, including Ticket Restaurant, a solution that allows employees to take time out for lunch at a partner merchant; Ticket Alimentación that allows users to pay for groceries in neighborhood stores and supermarkets; Ticket Regalo, a gift voucher; Ticket CESU, a human services solution; Ticket Plus Card, a solution that enables the purchase of staples, such as food and fuel; Ticket Welfare, which employees can use to pay for a range of services, such as access to sports facilities and solutions for their children’s educational needs; Ticket Guardería for companies without on-site daycare facilities; Childcare Vouchers; Ticket EcoCheque, a solutions that encourages purchase of environmentally friendly products; Ticket Kadeos Culture and Ticket Cultura that are solutions for cultural goods and services.