Edenred (OTCMKTS:EDNMY) Shares Up 5.6% – Time to Buy?

Edenred (OTCMKTS:EDNMY)’s share price shot up 5.6% during trading on Tuesday . The stock traded as high as $11.25 and last traded at $11.25. 6,990 shares were traded during mid-day trading, a decline of 48% from the average session volume of 13,544 shares. The stock had previously closed at $10.65.

Wall Street Analysts Forecast Growth

EDNMY has been the topic of a number of research reports. Zacks Research raised shares of Edenred from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Sanford C. Bernstein lowered shares of Edenred from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Citigroup reissued a “neutral” rating on shares of Edenred in a research note on Wednesday, October 22nd. Finally, Morgan Stanley restated an “overweight” rating on shares of Edenred in a research report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Edenred Price Performance

The business’s 50-day moving average price is $12.08 and its two-hundred day moving average price is $13.59.

Edenred Company Profile

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.