Edenred (OTCMKTS:EDNMY) Sets New 12-Month Low – Should You Sell?

Edenred (OTCMKTS:EDNMY)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $10.25 and last traded at $10.60, with a volume of 6232 shares. The stock had previously closed at $11.00.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on EDNMY shares. Citigroup reaffirmed a “neutral” rating on shares of Edenred in a research note on Wednesday, October 22nd. Zacks Research lowered Edenred from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th. Morgan Stanley reaffirmed an “overweight” rating on shares of Edenred in a research note on Wednesday, September 3rd. Finally, Sanford C. Bernstein lowered Edenred from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Edenred Price Performance

The stock’s 50 day simple moving average is $12.52 and its 200 day simple moving average is $14.14.

Edenred Company Profile

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.