Edenred (OTCMKTS:EDNMY) Shares Down 5.1% – What’s Next?

Edenred (OTCMKTS:EDNMY)’s stock price dropped 5.1% on Monday . The company traded as low as $10.20 and last traded at $10.20. Approximately 14,701 shares changed hands during trading, an increase of 11% from the average daily volume of 13,265 shares. The stock had previously closed at $10.75.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on EDNMY shares. Morgan Stanley reiterated an “overweight” rating on shares of Edenred in a research note on Wednesday, September 3rd. Sanford C. Bernstein downgraded shares of Edenred from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Zacks Research raised Edenred from a “strong sell” rating to a “hold” rating in a research note on Monday. Finally, Citigroup reaffirmed a “neutral” rating on shares of Edenred in a research note on Wednesday, October 22nd. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Edenred Trading Up 1.4%

The firm has a fifty day moving average price of $12.18 and a 200 day moving average price of $13.71.

About Edenred

Edenred SE provides digital platform for services and payments for companies, employees, and merchants worldwide. It offers employee benefit solutions, including Ticket Restaurant, a solution that allows employees to take time out for lunch at a partner merchant; Ticket Alimentación that allows users to pay for groceries in neighborhood stores and supermarkets; Ticket Regalo, a gift voucher; Ticket CESU, a human services solution; Ticket Plus Card, a solution that enables the purchase of staples, such as food and fuel; Ticket Welfare, which employees can use to pay for a range of services, such as access to sports facilities and solutions for their children’s educational needs; Ticket Guardería for companies without on-site daycare facilities; Childcare Vouchers; Ticket EcoCheque, a solutions that encourages purchase of environmentally friendly products; Ticket Kadeos Culture and Ticket Cultura that are solutions for cultural goods and services.