Edenred (OTCMKTS:EDNMY) Shares Up 6.3% – Here’s Why

Edenred (OTCMKTS:EDNMY) shares rose 6.3% during mid-day trading on Monday . The stock traded as high as $11.00 and last traded at $11.00. Approximately 137 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 35,497 shares. The stock had previously closed at $10.35.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Zacks Research upgraded Edenred from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 4th. UBS Group downgraded shares of Edenred from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Edenred Trading Down 5.6%

The firm has a fifty day moving average price of $10.72 and a 200-day moving average price of $12.00.

Edenred Company Profile

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.