EDENRED (OTCMKTS:EDNMY) Hits New 12-Month Low – Time to Sell?

EDENRED (OTCMKTS:EDNMY) hit a new 52-week low on Monday . The company traded as low as $11.36 and last traded at $11.36, with a volume of 291 shares changing hands. The stock had previously closed at $11.85.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on EDNMY shares. Zacks Research cut EDENRED from a “strong-buy” rating to a “hold” rating in a report on Friday, August 22nd. Sanford C. Bernstein cut EDENRED from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Morgan Stanley restated an “overweight” rating on shares of EDENRED in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

EDENRED Stock Performance

The business’s 50-day moving average price is $14.08 and its 200-day moving average price is $15.26.

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.