Edenred (OTCMKTS:EDNMY) Stock Price Up 11.9% – Should You Buy?

Edenred (OTCMKTS:EDNMY) rose 11.9% on Tuesday . The stock traded as high as $9.90 and last traded at $9.90. Approximately 379 shares traded hands during trading, a decline of 98% from the average daily volume of 24,767 shares. The stock had previously closed at $8.85.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EDNMY. Kepler Capital Markets raised Edenred to a “strong-buy” rating in a report on Sunday, March 15th. Zacks Research upgraded Edenred from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. 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 given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Edenred Price Performance

The company’s 50 day moving average is $10.56 and its two-hundred day moving average is $11.31.

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.