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EDENRED (OTCMKTS:EDNMY) Shares Gap Up - Should You Buy?

Edenred logo with Business Services background

Key Points

  • Edenred's shares experienced an 8.5% increase after opening at $15.60, significantly above the previous close of $14.75.
  • The company recently declared a dividend of $0.499 per share, resulting in a remarkably high yield of 318.0%.
  • Edenred specializes in providing a digital platform for employee benefit solutions, including meal vouchers and services for various needs.
  • Five stocks to consider instead of Edenred.

EDENRED (OTCMKTS:EDNMY - Get Free Report)'s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $14.75, but opened at $15.60. EDENRED shares last traded at $15.60, with a volume of 212 shares.

EDENRED Trading Down 4.4%

The business has a fifty day simple moving average of $15.11 and a 200 day simple moving average of $15.96.

EDENRED Cuts Dividend

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

EDENRED Company Profile

(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.

Further Reading

Should You Invest $1,000 in Edenred Right Now?

Before you consider Edenred, you'll want to hear this.

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