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

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 - Get Free Report) gapped down before the market opened 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 Stock Up 1.7%

The firm has a fifty day simple moving average of $15.12 and a 200 day simple moving average of $16.03.

Edenred Cuts Dividend

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

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.