Edenred (OTCMKTS:EDNMY) Shares Gap Down – Time to Sell?

Edenred (OTCMKTS:EDNMY) gapped down prior to trading on Wednesday . The stock had previously closed at $11.40, but opened at $10.70. Edenred shares last traded at $10.70, with a volume of 483 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on EDNMY shares. UBS Group cut shares of Edenred from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Zacks Research raised shares of Edenred from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Edenred currently has an average rating of “Hold”.

Edenred Stock Down 5.6%

The stock has a 50 day moving average of $10.72 and a 200 day moving average of $12.01.

Edenred Company Profile

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.