Edenred (OTCMKTS:EDNMY) Sets New 12-Month Low - Time to Sell?

Key Points

• Edenred's stock price has reached a new 52-week low of $11.45, with a recent trading volume of 15,574 shares.
• Analyst ratings for Edenred are mixed, with one analyst giving a Buy rating while four analysts have assigned a Hold rating, indicating a consensus of uncertainty regarding the stock's future.
• The company's stock has seen a decline of 4.2% recently, with current 50-day and 200-day moving averages reported at $14.69 and $15.63, respectively.

Edenred (OTCMKTS:EDNMY - Get Free Report)'s stock price hit a new 52-week low on Tuesday . The stock traded as low as $11.45 and last traded at $11.45, with a volume of 15574 shares trading hands. The stock had previously closed at $11.95.

Wall Street Analysts Forecast Growth

EDNMY has been the subject of several recent analyst reports. Sanford C. Bernstein cut shares of Edenred to a "market perform" rating in a research note on Monday. Morgan Stanley restated an "overweight" rating on shares of Edenred in a research note on Wednesday, September 3rd. Finally, Zacks Research downgraded shares of Edenred from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Edenred presently has a consensus rating of "Hold".

Edenred Trading Down 4.2%

The stock's 50 day simple moving average is $14.69 and its 200 day simple moving average is $15.63.

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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