Edenred (OTCMKTS:EDNMY) Shares Gap Down – Should You Sell?

Edenred (OTCMKTS:EDNMY) shares gapped down prior to trading on Friday . The stock had previously closed at $11.10, but opened at $10.30. Edenred shares last traded at $10.30, with a volume of 199 shares.

Analyst Ratings Changes

Several research firms have issued reports on EDNMY. Citigroup restated a “neutral” rating on shares of Edenred in a research report on Wednesday, October 22nd. UBS Group cut shares of Edenred to a “neutral” rating in a research report on Friday. Finally, Zacks Research cut Edenred from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Edenred currently has a consensus rating of “Hold”.

Edenred Stock Down 2.9%

The firm’s 50 day moving average price is $10.78 and its 200-day moving average price is $12.71.

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.