Edenred (OTCMKTS:EDNMY) Shares Gap Down – Should You Sell?

Edenred (OTCMKTS:EDNMY) shares gapped down before the market opened on Monday . The stock had previously closed at $13.00, but opened at $12.50. Edenred shares last traded at $12.50, with a volume of 156 shares traded.

Analysts Set New Price Targets

Several equities research analysts have weighed in on EDNMY shares. Zacks Research raised Edenred from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Kepler Capital Markets raised Edenred to a “strong-buy” rating in a research report on Sunday, March 15th. Citigroup reaffirmed a “neutral” rating on shares of Edenred in a research report on Friday, April 24th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Edenred in a research report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Edenred Stock Performance

The stock has a 50-day moving average price of $11.86 and a 200 day moving average price of $11.13.

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.