Edenred (OTCMKTS:EDNMY) Shares Gap Up - Still a Buy?

Key Points

• Edenred shares gapped up pre-market, opening at $11.98 versus a $11.20 close and last trading at $11.98 on light volume (209 shares).
• Analyst views are mixed — there are 1 Strong Buy, 1 Buy, 4 Hold and 1 Sell, leaving a consensus rating of "Hold".
• The company is a global leader in prepaid corporate services (notably the Ticket Restaurant® meal voucher program), and the stock trades near its 200‑day moving average ($11.22) with a 50‑day average of $10.59.

Edenred (OTCMKTS:EDNMY - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $11.20, but opened at $11.98. Edenred shares last traded at $11.98, with a volume of 209 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EDNMY. Zacks Research cut Edenred from a "hold" rating to a "strong sell" rating in a research note on Wednesday, April 8th. Kepler Capital Markets upgraded Edenred to a "strong-buy" rating in a research note on Sunday, March 15th. UBS Group cut Edenred from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 23rd. Finally, Jefferies Financial Group restated a "hold" rating on shares of Edenred in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold".

Edenred Stock Up 0.2%

The business has a fifty day simple moving average of $10.59 and a 200 day simple moving average of $11.22.

Edenred Company Profile

Edenred is a global leader in prepaid corporate services, offering a suite of digital and paper-based solutions designed to enhance employee benefits, streamline expense management and support corporate fleets. The company originated in 1962 as part of the Accor group and was listed as an independent entity on Euronext Paris in 2010. Today, Edenred operates under the Ticket Restaurant® brand, which remains a flagship offering for meal voucher programs, alongside a host of other employee engagement and incentive tools.

The company's core products and services include employee benefits such as meal vouchers, food allowances and leisure gift certificates, as well as incentive and rewards programs that help organizations motivate and recognize their workforce.

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