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

Edenred (OTCMKTS:EDNMY) gapped down prior to trading on Tuesday. The stock had previously closed at $14.10, but opened at $13.30. Edenred shares last traded at $13.41, with a volume of 20,002 shares traded.

Analyst Upgrades and Downgrades

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

Edenred Price Performance

The firm has a 50-day moving average of $16.32 and a 200 day moving average of $13.26.

About Edenred

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.