Edenred (OTCMKTS:EDNMY) Shares Gap Up – Here’s What Happened

Edenred (OTCMKTS:EDNMY) gapped up before the market opened on Friday . The stock had previously closed at $10.00, but opened at $10.75. Edenred shares last traded at $10.40, with a volume of 840 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Zacks Research lowered shares of Edenred from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. UBS Group lowered shares of Edenred from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, Citigroup reissued a “neutral” rating on shares of Edenred in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Edenred Trading Up 5.9%

The firm has a fifty day moving average price of $10.74 and a 200 day moving average price of $12.58.

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.