Edenred (OTCMKTS:EDNMY) Stock Price Down 2% - Time to Sell?

Key Points

• Edenred's stock price fell by 2% to $12.00, with trading volume significantly down at 4,782 shares compared to the average of 39,693 shares.
• Analysts have mixed views on Edenred, with Morgan Stanley maintaining an "overweight" rating while others, like Sanford C. Bernstein and Zacks, downgraded to "hold," resulting in a consensus rating of "Hold."
• The company's current 50-day and 200-day moving averages stand at $13.18 and $14.72, respectively.

Edenred (OTCMKTS:EDNMY - Get Free Report)'s share price dropped 2% on Monday . The company traded as low as $11.86 and last traded at $12.00. Approximately 4,782 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 39,693 shares. The stock had previously closed at $12.25.

Analysts Set New Price Targets

Several equities research analysts have commented on EDNMY shares. Morgan Stanley reiterated an "overweight" rating on shares of Edenred in a research note on Wednesday, September 3rd. Sanford C. Bernstein lowered Edenred from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 15th. Finally, Zacks Research downgraded Edenred from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold".

Edenred Price Performance

The business has a 50-day moving average price of $13.18 and a 200-day moving average price of $14.72.

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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