Edenred (OTCMKTS:EDNMY) Shares Gap Down – What’s Next?

Edenred (OTCMKTS:EDNMY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $11.40, but opened at $10.70. Edenred shares last traded at $10.70, with a volume of 483 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have issued reports on EDNMY shares. Zacks Research raised shares of Edenred from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. UBS Group cut shares of Edenred from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Edenred Trading Down 5.6%

The stock has a fifty day moving average of $10.72 and a 200-day moving average of $12.01.

About Edenred

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.