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

Edenred (OTCMKTS:EDNMY)’s stock price gapped down prior to trading on Tuesday. The stock had previously closed at $14.10, but opened at $13.30. Edenred shares last traded at $13.41, with a volume of 20,002 shares trading hands.

Analyst Upgrades and Downgrades

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

Edenred Price Performance

The company’s fifty day simple moving average is $16.21 and its 200 day simple moving average is $13.28.

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.