Edenred (OTCMKTS:EDNMY) Shares Gap Up – Should You Buy?

Shares of Edenred (OTCMKTS:EDNMY) gapped up prior to trading on Monday . The stock had previously closed at $8.85, but opened at $10.00. Edenred shares last traded at $9.36, with a volume of 2,630 shares.

Analyst Upgrades and Downgrades

Several analysts have weighed in on EDNMY shares. Zacks Research raised Edenred from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. Kepler Capital Markets raised Edenred to a “strong-buy” rating in a research note on Sunday, March 15th. Finally, UBS Group lowered Edenred from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Edenred has a consensus rating of “Moderate Buy”.

Edenred Stock Up 3.1%

The business’s 50 day moving average price is $10.58 and its two-hundred day moving average price is $11.32.

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.