Edenred (OTCMKTS:EDNMY) Shares Gap Down – Should You Sell?

Edenred (OTCMKTS:EDNMY)’s stock price gapped down before the market opened on Wednesday. The stock had previously closed at $16.75, but opened at $14.90. Edenred shares last traded at $14.90, with a volume of 351 shares.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Citigroup restated a “neutral” rating on shares of Edenred in a research note on Thursday, July 30th. Morgan Stanley restated an “overweight” rating on shares of Edenred in a report on Monday, September 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Edenred in a research report on Monday, August 3rd. Finally, Zacks Research upgraded Edenred from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Edenred has a consensus rating of “Moderate Buy”.

Edenred Stock Performance

The stock has a 50 day simple moving average of $16.43 and a 200 day simple moving average of $14.41.

Edenred Company Profile

Edenred SE is a France-based provider of digital payment and service solutions for employers, employees, merchants and public institutions. The company operates platforms that connect organizations with beneficiaries and affiliated merchants, helping manage employee benefits, business expenses, mobility programs and social assistance.

Its products and services include meal and food vouchers, employee engagement and incentive solutions, corporate payment cards, expense-management tools, fleet and fuel payments, toll services, and mobility-related benefits.