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

Edenred (OTCMKTS:EDNMY) gapped up before the market opened on Friday . The stock had previously closed at $10.80, but opened at $11.30. Edenred shares last traded at $11.15, with a volume of 2,132 shares.

Analyst Ratings Changes

A number of research analysts recently issued reports on EDNMY shares. Zacks Research upgraded shares of Edenred from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Citigroup reiterated a “neutral” rating on shares of Edenred in a research note on Wednesday, October 22nd. Sanford C. Bernstein cut Edenred from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Edenred in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Edenred Trading Up 2.3%

The business’s 50 day moving average price is $12.01 and its 200-day moving average price is $13.52.

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.