Edenred (OTCMKTS:EDNMY) Hits New 52-Week High – Here’s What Happened

Edenred (OTCMKTS:EDNMY) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $16.20 and last traded at $16.00, with a volume of 3492 shares traded. The stock had previously closed at $15.10.

Analyst Upgrades and Downgrades

Several research analysts recently commented on EDNMY shares. Citigroup reiterated a “neutral” rating on shares of Edenred in a research note on Thursday. Zacks Research downgraded Edenred from a “hold” rating to a “strong sell” rating in a report on Tuesday. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Edenred in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Edenred Price Performance

The business’s 50 day moving average price is $13.61 and its 200-day moving average price is $11.93.

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.