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Edenred (OTCMKTS:EDNMY) Hits New 52-Week Low - Here's Why

Edenred logo with Business Services background

Edenred SE (OTCMKTS:EDNMY - Get Free Report) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $14.00 and last traded at $14.00, with a volume of 11885 shares trading hands. The stock had previously closed at $14.80.

Edenred Stock Performance

The company has a 50 day simple moving average of $15.93 and a 200 day simple moving average of $16.30.

Edenred Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, June 27th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.499 per share. This represents a dividend yield of 3.18%. The ex-dividend date of this dividend is Monday, June 9th.

About Edenred

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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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