Edenred (OTCMKTS:EDNMY) Sees Large Volume Increase - Still a Buy?

Edenred (OTCMKTS:EDNMY - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 39,082 shares changed hands during trading, an increase of 350% from the previous session's volume of 8,690 shares.The stock last traded at $15.89 and had previously closed at $15.85.

Edenred Stock Performance

The firm has a 50-day moving average price of $15.28 and a 200-day moving average price of $16.19.

Edenred Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 27th. Investors of record on Tuesday, June 10th were issued a $0.499 dividend. This represents a yield of 3.18%. The ex-dividend date was Monday, June 9th.

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.