Edenred (OTCMKTS:EDNMY) Stock Price Down 5.4% – Here’s What Happened

Edenred (OTCMKTS:EDNMY)’s stock price traded down 5.4% during mid-day trading on Thursday . The company traded as low as $10.50 and last traded at $10.50. 571 shares were traded during trading, a decline of 99% from the average session volume of 74,977 shares. The stock had previously closed at $11.10.

Analyst Ratings Changes

Several research firms have recently commented on EDNMY. Citigroup reissued a “neutral” rating on shares of Edenred in a research note on Wednesday, October 22nd. Zacks Research lowered shares of Edenred from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Edenred Stock Down 5.4%

The company’s fifty day moving average is $10.81 and its two-hundred day moving average is $12.79.

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.