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

Edenred (OTCMKTS:EDNMY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $10.10, but opened at $10.95. Edenred shares last traded at $10.97, with a volume of 316 shares trading hands.

Wall Street Analyst Weigh In

EDNMY has been the topic of several recent analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Edenred in a report on Wednesday, October 22nd. Zacks Research downgraded shares of Edenred from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Edenred has an average rating of “Hold”.

Edenred Price Performance

The stock has a 50-day moving average of $10.82 and a two-hundred day moving average of $12.80.

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.