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

Edenred (OTCMKTS:EDNMY) gapped down prior to trading on Wednesday. The stock had previously closed at $14.55, but opened at $13.90. Edenred shares last traded at $14.40, with a volume of 1,095 shares traded.

Analyst Ratings Changes

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

Edenred Stock Up 1.1%

The firm has a 50 day moving average of $15.41 and a 200-day moving average of $13.46.

Edenred Company Profile

Edenred is a France-based services and payments company that connects employers, employees, merchants and public-sector organizations. Its offerings include employee benefit solutions, corporate payment services and mobility programs. The company is best known for meal benefits, such as its Ticket Restaurant products, and also provides gift and incentive programs, employee engagement services, and tools for managing business expenses and payments. Its mobility services support businesses with fuel, fleet and related expenses.