Edenred (OTCMKTS:EDNMY) Shares Gap Up – Should You Buy?

Edenred (OTCMKTS:EDNMY) gapped up prior to trading on Tuesday . The stock had previously closed at $9.80, but opened at $10.20. Edenred shares last traded at $10.00, with a volume of 1,669 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EDNMY. Kepler Capital Markets raised shares of Edenred to a “strong-buy” rating in a research note on Sunday, March 15th. UBS Group downgraded shares of Edenred from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, Zacks Research raised shares of Edenred from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Edenred Trading Up 2.0%

The company’s 50-day simple moving average is $10.53 and its 200 day simple moving average is $11.27.

Edenred Company Profile

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.