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

EDENRED logo with Business Services background

Key Points

  • EDENRED shares opened at $11.63, gapping down from a previous close of $12.00, with a trading volume of 5,823 shares.
  • Brokerage ratings show mixed sentiment, with Morgan Stanley maintaining an "overweight" rating while Sanford C. Bernstein and Zacks Research downgraded their ratings to "hold."
  • The company's fifty-day moving average is $13.42, indicating potential pricing pressure in the near term.
  • MarketBeat previews the top five stocks to own by November 1st.

EDENRED (OTCMKTS:EDNMY - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $12.00, but opened at $11.63. EDENRED shares last traded at $11.63, with a volume of 5,823 shares trading hands.

Analyst Ratings Changes

A number of brokerages have issued reports on EDNMY. Morgan Stanley reaffirmed an "overweight" rating on shares of EDENRED in a report on Wednesday, September 3rd. Sanford C. Bernstein lowered shares of EDENRED from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 15th. Finally, Zacks Research lowered shares of EDENRED from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold".

Get Our Latest Research Report on EDNMY

EDENRED Price Performance

The company's fifty day moving average price is $13.42 and its 200 day moving average price is $14.85.

About EDENRED

(Get Free Report)

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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