Edenred (OTCMKTS:EDNMY) Shares Gap Down - Here's Why

Edenred (OTCMKTS:EDNMY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $16.00, but opened at $15.42. Edenred shares last traded at $15.42, with a volume of 1,614 shares.

Edenred Trading Down 3.1%

The firm has a fifty day simple moving average of $15.41 and a 200 day simple moving average of $16.20.

Edenred Cuts Dividend

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

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.

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