Edenred (OTCMKTS:EDNMY) Sees Large Volume Increase – Time to Buy?

Edenred (OTCMKTS:EDNMY) saw unusually-strong trading volume on Thursday . Approximately 184,548 shares were traded during trading, an increase of 1,027% from the previous session’s volume of 16,373 shares.The stock last traded at $16.90 and had previously closed at $16.55.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Zacks Research raised shares of Edenred from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 26th. Jefferies Financial Group reiterated a “hold” rating on shares of Edenred in a research report on Wednesday, June 10th. Citigroup reissued a “neutral” rating on shares of Edenred in a research note on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Edenred in a research report on Monday, August 3rd. One 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Edenred Trading Up 0.7%

The stock’s fifty day moving average price is $16.24 and its 200 day moving average price is $13.42.

About Edenred

Edenred SE is a France-based provider of employee benefits, mobility solutions and corporate payment services. The company helps employers manage benefits and expenses while giving employees access to services such as meal programs, gift cards and other workplace rewards.

Its product portfolio includes meal and food vouchers, employee engagement and incentive solutions, fleet and fuel cards, vehicle maintenance services, business travel and expense-management tools, and virtual payment solutions.