Edenred (OTCMKTS:EDNMY) Sets New 1-Year Low – What’s Next?

Edenred (OTCMKTS:EDNMY)’s share price hit a new 52-week low on Friday . The stock traded as low as $11.00 and last traded at $11.41, with a volume of 70993 shares traded. The stock had previously closed at $11.70.

Wall Street Analysts Forecast Growth

EDNMY has been the subject of several recent analyst reports. Citigroup reissued a “neutral” rating on shares of Edenred in a research note on Wednesday, October 22nd. Zacks Research cut Edenred from a “hold” rating to a “strong sell” rating in a report on Monday, October 27th. Sanford C. Bernstein lowered shares of Edenred from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Edenred in a research report on Wednesday, September 3rd. One equities 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Edenred Stock Performance

The company’s 50-day moving average price is $12.79 and its 200-day moving average price is $14.32.

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.