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

Edenred (OTCMKTS:EDNMY) gapped up prior to trading 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 traded.

Wall Street Analyst Weigh In

EDNMY has been the topic of a number of research reports. Jefferies Financial Group restated a “hold” rating on shares of Edenred in a research report on Friday, April 17th. Zacks Research cut Edenred from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 8th. Citigroup restated a “neutral” rating on shares of Edenred in a research report on Friday, April 24th. Kepler Capital Markets upgraded Edenred to a “strong-buy” rating in a research report on Sunday, March 15th. Finally, UBS Group cut Edenred from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Edenred has an average rating of “Hold”.

Edenred Price Performance

The business has a 50 day simple moving average of $11.18 and a 200 day simple moving average 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.