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

Edenred (OTCMKTS:EDNMY) gapped up before the market opened on Thursday . The stock had previously closed at $12.00, but opened at $13.90. Edenred shares last traded at $13.90, with a volume of 190 shares traded.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Kepler Capital Markets upgraded Edenred to a “strong-buy” rating in a research note on Sunday, March 15th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Edenred in a report on Wednesday, June 10th. Citigroup reaffirmed a “neutral” rating on shares of Edenred in a research note on Friday, April 24th. Finally, Zacks Research upgraded Edenred from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Edenred Stock Up 16.7%

The business has a fifty day moving average of $12.29 and a 200 day moving average of $11.22.

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.