Edenred (OTCMKTS:EDNMY) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Edenred (OTCMKTS:EDNMY)’s share price passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $13.32 and traded as low as $13.21. Edenred shares last traded at $13.21, with a volume of 1,781 shares traded.

Wall Street Analyst Weigh In

EDNMY has been the subject of several research analyst reports. Zacks Research lowered Edenred from a “hold” rating to a “strong sell” rating in a research note on Friday, October 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Edenred in a research note on Monday, August 3rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Edenred in a report on Monday, September 21st. Finally, Citigroup reiterated a “neutral” rating on shares of Edenred in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Edenred presently has a consensus rating of “Hold”.

Edenred Stock Down 2.5%

The stock’s fifty day moving average price is $15.99 and its 200 day moving average price is $13.32.

About Edenred

Edenred SE is a France-based provider of digital payment and service solutions for employers, employees, merchants and public institutions. The company operates platforms that connect organizations with beneficiaries and affiliated merchants, helping manage employee benefits, business expenses, mobility programs and social assistance.

Its products and services include meal and food vouchers, employee engagement and incentive solutions, corporate payment cards, expense-management tools, fleet and fuel payments, toll services, and mobility-related benefits.