EDENRED (OTCMKTS:EDNMY) Stock Price Down 4.1% - Here's Why

Key Points

• Shares of EDENRED (OTCMKTS:EDNMY) fell by 4.1%, closing at $15.35, with a significant drop in trading volume by 91% compared to the average.
• The company recently cut its dividend to $0.499, yielding an impressive 318.0% for investors of record.
• EDENRED offers a range of digital employee benefit solutions, including the Ticket Restaurant and Ticket Alimentación, aimed at enhancing employee welfare and services.

EDENRED (OTCMKTS:EDNMY - Get Free Report) fell 4.1% during trading on Monday . The stock traded as low as $15.35 and last traded at $15.35. 840 shares changed hands during trading, a decline of 91% from the average session volume of 9,493 shares. The stock had previously closed at $16.00.

EDENRED Stock Up 6.7%

The stock has a fifty day simple moving average of $15.14 and a two-hundred day simple moving average of $15.93.

EDENRED Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, June 27th. Investors of record on Tuesday, June 10th were given a dividend of $0.499 per share. This represents a dividend yield of 318.0%. The ex-dividend date was Monday, June 9th.

EDENRED Company Profile

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.