Edenred (OTCMKTS:EDNMY) Shares Gap Up - Here's What Happened

Key Points

• Edenred's share price opened at $12.50, up from a previous close of $11.95, with a volume of 200 shares traded.
• Analysts have mixed ratings for Edenred, with Zacks Research downgrading the stock to a "hold" and Morgan Stanley maintaining an "overweight" rating, resulting in a consensus rating of "hold."
• The company's 50-day moving average is $14.78 and its 200-day moving average is $15.66, indicating a significant gap between current trading levels and long-term averages.

Edenred (OTCMKTS:EDNMY - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $11.95, but opened at $12.50. Edenred shares last traded at $12.50, with a volume of 200 shares changing hands.

Analysts Set New Price Targets

EDNMY has been the subject of a number of research analyst reports. Zacks Research lowered Edenred from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. Morgan Stanley reaffirmed an "overweight" rating on shares of Edenred in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Edenred Stock Performance

The company's 50 day moving average price is $14.78 and its two-hundred day moving average price is $15.66.

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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