Edenred (OTCMKTS:EDNMY) Sets New 52-Week High – Should You Buy?

Edenred (OTCMKTS:EDNMY) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $16.60 and last traded at $16.60, with a volume of 3053 shares traded. The stock had previously closed at $15.80.

Wall Street Analyst Weigh In

EDNMY has been the subject of several analyst reports. Zacks Research downgraded Edenred from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Citigroup reiterated a “neutral” rating on shares of Edenred in a report on Thursday. Jefferies Financial Group reissued a “hold” rating on shares of Edenred in a research report on Wednesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Edenred in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Edenred Stock Up 5.1%

The company has a 50-day moving average price of $13.73 and a 200 day moving average price of $12.00.

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.