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

Edenred (OTCMKTS:EDNMY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $17.80, but opened at $16.85. Edenred shares last traded at $16.85, with a volume of 16,213 shares trading hands.

Analyst Ratings Changes

EDNMY has been the topic of a number of research reports. Jefferies Financial Group restated a “hold” rating on shares of Edenred in a research note on Wednesday, June 10th. Zacks Research upgraded shares of Edenred from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Edenred in a research report on Monday, August 3rd. Finally, Citigroup reiterated a “neutral” rating on shares of Edenred in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Edenred presently has a consensus rating of “Hold”.

Edenred Stock Down 5.3%

The stock has a 50 day simple moving average of $15.77 and a 200-day simple moving average of $13.14.

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.