Edenred (OTCMKTS:EDNMY) Share Price Breaks Below Two Hundred Day Moving Average – Here’s What Happened

Edenred (OTCMKTS:EDNMY) shares crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $13.32 and traded as low as $13.21. Edenred shares last traded at $13.21, with a volume of 1,781 shares traded.

Analyst Upgrades and Downgrades

EDNMY has been the topic of a number of recent research reports. Citigroup restated a “neutral” rating on shares of Edenred in a research note on Thursday, July 30th. Morgan Stanley reiterated an “overweight” rating on shares of Edenred in a research note on Monday, September 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Edenred in a report on Monday, August 3rd. Finally, Zacks Research downgraded Edenred from a “hold” rating to a “strong sell” rating in a research report on Friday, October 23rd. One equities research 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Edenred Trading Down 2.5%

The stock has a fifty day simple moving average of $15.99 and a two-hundred day simple moving average of $13.32.

Edenred Company Profile

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.