Edenred (OTCMKTS:EDNMY) Reaches New 52-Week Low – Here’s What Happened

Edenred (OTCMKTS:EDNMY) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $9.80 and last traded at $10.06, with a volume of 10859 shares traded. The stock had previously closed at $10.40.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on EDNMY shares. Zacks Research downgraded Edenred from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. Citigroup reiterated a “neutral” rating on shares of Edenred in a report on Wednesday, October 22nd. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Edenred currently has an average rating of “Hold”.

Edenred Price Performance

The business’s 50-day moving average is $10.87 and its 200 day moving average is $12.84.

About Edenred

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.