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

Shares of Edenred (OTCMKTS:EDNMY) gapped up prior to trading on Thursday . The stock had previously closed at $13.00, but opened at $13.65. Edenred shares last traded at $13.65, with a volume of 403 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Zacks Research cut shares of Edenred from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 8th. Citigroup reaffirmed a “neutral” rating on shares of Edenred in a research note on Friday, April 24th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Edenred in a research note on Friday, April 17th. Finally, Kepler Capital Markets raised shares of Edenred to a “strong-buy” rating in a research note on Sunday, March 15th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Edenred Trading Up 5.8%

The business’s 50-day moving average price is $11.46 and its two-hundred day moving average price is $11.06.

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.