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

Edenred (OTCMKTS:EDNMY) gapped up before the market opened on Friday . The stock had previously closed at $10.40, but opened at $10.95. Edenred shares last traded at $10.95, with a volume of 400 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. UBS Group lowered shares of Edenred from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. Zacks Research upgraded Edenred from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. Finally, Citigroup restated a “neutral” rating on shares of Edenred in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Edenred currently has an average rating of “Hold”.

Edenred Price Performance

The stock’s 50 day moving average is $10.71 and its two-hundred day moving average is $12.26.

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.