Edenred (OTCMKTS:EDNMY) Sets New 12-Month Low – Here’s Why

Edenred (OTCMKTS:EDNMY)’s share price hit a new 52-week low on Thursday . The company traded as low as $10.25 and last traded at $10.60, with a volume of 6232 shares trading hands. The stock had previously closed at $11.00.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on EDNMY shares. Zacks Research downgraded shares of Edenred from a “hold” rating to a “strong sell” rating in a report on Monday, October 27th. Sanford C. Bernstein lowered Edenred from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Citigroup reiterated a “neutral” rating on shares of Edenred in a research report on Wednesday, October 22nd. Finally, Morgan Stanley reissued an “overweight” rating on shares of Edenred in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Edenred has a consensus rating of “Hold”.

Edenred Stock Down 3.6%

The stock has a fifty day moving average of $12.59 and a two-hundred day moving average of $14.20.

About Edenred

Edenred SE provides digital platform for services and payments for companies, employees, and merchants worldwide. It offers employee benefit solutions, including Ticket Restaurant, a solution that allows employees to take time out for lunch at a partner merchant; Ticket Alimentación that allows users to pay for groceries in neighborhood stores and supermarkets; Ticket Regalo, a gift voucher; Ticket CESU, a human services solution; Ticket Plus Card, a solution that enables the purchase of staples, such as food and fuel; Ticket Welfare, which employees can use to pay for a range of services, such as access to sports facilities and solutions for their children’s educational needs; Ticket Guardería for companies without on-site daycare facilities; Childcare Vouchers; Ticket EcoCheque, a solutions that encourages purchase of environmentally friendly products; Ticket Kadeos Culture and Ticket Cultura that are solutions for cultural goods and services.