EDENRED (OTCMKTS:EDNMY) Stock Price Down 3.2% - Here's Why

Key Points

• EDENRED's stock price fell by 3.2%, closing at $11.86, with a significant decline in trading volume to just 453 shares, compared to an average of 12,620 shares.
• Equities analysts have mixed views on EDENRED, with Morgan Stanley maintaining an "overweight" rating, while both Zacks Research and Sanford C. Bernstein downgraded the stock to "hold."
• The company provides a variety of digital services and payments solutions, including employee benefits like Ticket Restaurant and Ticket Alimentación, catering to both employees and merchants globally.

EDENRED (OTCMKTS:EDNMY - Get Free Report)'s share price traded down 3.2% during mid-day trading on Monday . The stock traded as low as $11.86 and last traded at $11.86. 453 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 12,620 shares. The stock had previously closed at $12.25.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on EDNMY shares. Morgan Stanley reiterated an "overweight" rating on shares of EDENRED in a report on Wednesday, September 3rd. Zacks Research downgraded shares of EDENRED from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. Finally, Sanford C. Bernstein cut shares of EDENRED from a "strong-buy" rating to a "hold" rating in a report on Monday, September 15th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold".

EDENRED Stock Down 2.0%

The company has a fifty day moving average of $13.24 and a two-hundred day moving average of $14.75.

About EDENRED

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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