Edenred (OTCMKTS:EDNMY) Shares Gap Down - What's Next?

Key Points

• Edenred's stock price gapped down from $14.40 to $14.00 prior to trading, with a last traded volume of 154 shares.
• The company recently cut its dividend, paying $0.499 to investors of record with a significant yield of 318.0%.
• Edenred provides a range of employee benefit solutions through a digital platform, including meal vouchers and solutions for education and childcare.

Edenred (OTCMKTS:EDNMY - )'s stock price gapped down prior to trading on Monday . The stock had previously closed at $14.40, but opened at $14.00. Edenred shares last traded at $14.00, with a volume of 154 shares.

Edenred Price Performance

The company has a 50-day simple moving average of $15.23 and a 200 day simple moving average of $16.07.

Edenred Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, June 27th. Investors of record on Tuesday, June 10th were paid a $0.499 dividend. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.