Edenred (OTCMKTS:EDNMY) Shares Gap Down – Here’s What Happened

Edenred (OTCMKTS:EDNMY)’s stock price gapped down before the market opened on Wednesday. The stock had previously closed at $14.55, but opened at $13.90. Edenred shares last traded at $14.40, with a volume of 1,095 shares.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EDNMY. Citigroup reiterated a “neutral” rating on shares of Edenred in a report on Thursday, July 30th. Morgan Stanley restated an “overweight” rating on shares of Edenred in a research note on Monday, September 21st. Deutsche Bank restated a “buy” rating on shares of Edenred in a research note on Monday, August 3rd. Finally, Zacks Research downgraded Edenred from a “hold” rating to a “strong sell” rating in a report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Edenred currently has an average rating of “Hold”.

Edenred Stock Down 1.0%

The business’s 50 day simple moving average is $15.55 and its 200 day simple moving average is $13.42.

Edenred Company Profile

Edenred is a France-based services and payments company that connects employers, employees, merchants and public-sector organizations. Its offerings include employee benefit solutions, corporate payment services and mobility programs. The company is best known for meal benefits, such as its Ticket Restaurant products, and also provides gift and incentive programs, employee engagement services, and tools for managing business expenses and payments. Its mobility services support businesses with fuel, fleet and related expenses.