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

Edenred (OTCMKTS:EDNMY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $12.30, but opened at $12.92. Edenred shares last traded at $12.92, with a volume of 219 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EDNMY. Zacks Research lowered Edenred from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 8th. UBS Group cut Edenred from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Citigroup reaffirmed a “neutral” rating on shares of Edenred in a research note on Friday, April 24th. Kepler Capital Markets raised Edenred to a “strong-buy” rating in a research note on Sunday, March 15th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Edenred in a research note on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Edenred Stock Performance

The company has a fifty day moving average price of $11.18 and a 200-day moving average price of $11.12.

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.