EDENRED (OTCMKTS:EDNMY) Hits New 1-Year Low - What's Next?

Key Points

• EDENRED's share price has hit a new 52-week low at $11.36, a decline from its previous close of $11.85.
• The company has received recent downgrades, with analysts from Zacks Research and Sanford C. Bernstein reducing their ratings to "hold".
• The consensus rating for EDENRED stock currently stands at a "hold," with one analyst rating it as a buy and four as hold.

EDENRED (OTCMKTS:EDNMY - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The company traded as low as $11.36 and last traded at $11.36, with a volume of 291 shares. The stock had previously closed at $11.85.

Wall Street Analyst Weigh In

EDNMY has been the topic of a number of recent analyst reports. Zacks Research lowered EDENRED from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. Sanford C. Bernstein downgraded EDENRED from a "strong-buy" rating to a "hold" rating in a report on Monday, September 15th. Finally, Morgan Stanley reissued an "overweight" rating on shares of EDENRED in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold".

EDENRED Stock Down 2.1%

The firm's 50 day moving average is $14.08 and its two-hundred day moving average is $15.26.

About EDENRED

Edenred SE provides digital platform for services and payments for companies, employees, and merchants worldwide. It offers employee benefit solutions, including Ticket Restaurant, a solution that allows employees to take time out for lunch at a partner merchant; Ticket Alimentación that allows users to pay for groceries in neighborhood stores and supermarkets; Ticket Regalo, a gift voucher; Ticket CESU, a human services solution; Ticket Plus Card, a solution that enables the purchase of staples, such as food and fuel; Ticket Welfare, which employees can use to pay for a range of services, such as access to sports facilities and solutions for their children's educational needs; Ticket Guardería for companies without on-site daycare facilities; Childcare Vouchers; Ticket EcoCheque, a solutions that encourages purchase of environmentally friendly products; Ticket Kadeos Culture and Ticket Cultura that are solutions for cultural goods and services.

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