Edenred (OTCMKTS:EDNMY) Sets New 52-Week High – Should You Buy?

Edenred (OTCMKTS:EDNMY)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $16.60 and last traded at $16.60, with a volume of 3053 shares changing hands. The stock had previously closed at $15.80.

Analyst Ratings Changes

Several brokerages have recently issued reports on EDNMY. Jefferies Financial Group reiterated a “hold” rating on shares of Edenred in a report on Wednesday, June 10th. Zacks Research lowered Edenred from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Citigroup reiterated a “neutral” rating on shares of Edenred in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Edenred in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Edenred has a consensus rating of “Hold”.

Edenred Trading Up 5.1%

The business’s fifty day moving average price is $13.73 and its 200 day moving average price is $12.00.

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.