Edenred (OTCMKTS:EDNMY) Shares Gap Down – Time to Sell?

Edenred (OTCMKTS:EDNMY)’s share price gapped down prior to trading on Friday . The stock had previously closed at $11.10, but opened at $10.30. Edenred shares last traded at $10.30, with a volume of 199 shares traded.

Analyst Ratings Changes

EDNMY has been the topic of several research reports. UBS Group lowered shares of Edenred to a “neutral” rating in a research note on Friday. Citigroup reaffirmed a “neutral” rating on shares of Edenred in a research note on Wednesday, October 22nd. Finally, Zacks Research cut Edenred from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Edenred Trading Down 7.2%

The stock’s fifty day moving average price is $10.79 and its 200 day moving average price is $12.77.

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.