Edenred (OTCMKTS:EDNMY) Sees Strong Trading Volume – Should You Buy?

Edenred (OTCMKTS:EDNMY) shares saw an uptick in trading volume on Monday . 91,908 shares traded hands during trading, an increase of 193% from the previous session’s volume of 31,379 shares.The stock last traded at $10.50 and had previously closed at $10.75.

Analysts Set New Price Targets

EDNMY has been the topic of a number of recent analyst reports. Sanford C. Bernstein lowered shares of Edenred from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Zacks Research upgraded shares of Edenred from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Finally, Citigroup reissued a “neutral” rating on shares of Edenred in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Edenred presently has a consensus rating of “Hold”.

Edenred Price Performance

The firm’s 50-day simple moving average is $11.54 and its two-hundred day simple moving average is $13.18.

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.