EDENRED (OTCMKTS:EDNMY) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• EDENRED (OTCMKTS:EDNMY) experienced a significant increase in trading volume, with 61,880 shares traded, representing a 406% rise compared to the previous session.
• Equities analysts have lowered EDENRED's ratings, with Zacks Research and Sanford C. Bernstein moving from a "strong-buy" to a "hold" rating, while Morgan Stanley maintained an "overweight" rating.
• The stock's last trading price was $12.15, and it has seen a decline with its fifty-day moving average at $13.55 and a 200-day average at $14.97.

EDENRED (OTCMKTS:EDNMY - Get Free Report) saw strong trading volume on Thursday . 61,880 shares changed hands during trading, an increase of 406% from the previous session's volume of 12,239 shares.The stock last traded at $12.15 and had previously closed at $12.00.

Analysts Set New Price Targets

Several equities analysts have issued reports on EDNMY shares. Zacks Research cut shares of EDENRED from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. Sanford C. Bernstein cut shares of EDENRED from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 15th. Finally, Morgan Stanley reissued an "overweight" rating on shares of EDENRED in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold".

EDENRED Stock Up 0.8%

The stock's fifty day simple moving average is $13.55 and its 200-day simple moving average is $14.97.

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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