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

Edenred (OTCMKTS:EDNMY) shares gapped up before the market opened on Thursday . The stock had previously closed at $14.10, but opened at $14.85. Edenred shares last traded at $14.85, with a volume of 190 shares changing hands.

Analyst Upgrades and Downgrades

EDNMY has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of Edenred from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Citigroup reissued a “neutral” rating on shares of Edenred in a research report on Friday, April 24th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Edenred in a research note on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

Edenred Stock Performance

The company has a 50 day simple moving average of $13.05 and a two-hundred day simple moving average of $11.64.

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.