Edenred (OTCMKTS:EDNMY) Shares Gap Up – Should You Buy?

Edenred (OTCMKTS:EDNMY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $8.85, but opened at $10.00. Edenred shares last traded at $9.36, with a volume of 2,630 shares traded.

Analyst Ratings Changes

Several brokerages have recently issued reports on EDNMY. Kepler Capital Markets raised shares of Edenred to a “strong-buy” rating in a research note on Sunday, March 15th. UBS Group lowered Edenred from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, Zacks Research upgraded Edenred from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Edenred Stock Performance

The stock’s 50-day moving average is $10.62 and its 200-day moving average is $11.37.

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.