Edenred (OTCMKTS:EDNMY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Edenred (OTCMKTS:EDNMY) saw unusually-high trading volume on Thursday . Approximately 184,548 shares were traded during trading, an increase of 1,027% from the previous session’s volume of 16,373 shares.The stock last traded at $16.90 and had previously closed at $16.55.

Analyst Ratings Changes

EDNMY has been the topic of several analyst reports. Citigroup reiterated a “neutral” rating on shares of Edenred in a report on Thursday, July 30th. Jefferies Financial Group restated a “hold” rating on shares of Edenred in a research report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Edenred in a research report on Monday, August 3rd. Finally, Zacks Research raised Edenred from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Edenred Stock Up 0.7%

The company has a 50 day moving average of $16.24 and a 200-day moving average of $13.42.

Edenred Company Profile

Edenred SE is a France-based provider of employee benefits, mobility solutions and corporate payment services. The company helps employers manage benefits and expenses while giving employees access to services such as meal programs, gift cards and other workplace rewards.

Its product portfolio includes meal and food vouchers, employee engagement and incentive solutions, fleet and fuel cards, vehicle maintenance services, business travel and expense-management tools, and virtual payment solutions.