EDENRED (OTCMKTS:EDNMY) Trading Down 7.4% - What's Next?

Key Points

• The stock price of **Edenred** has decreased by **7.4%**, trading as low as **$11.90** and last at **$12.22**, with volume down by **36%** compared to average trading sessions.
• Edenred specializes in **digital services and payment solutions** for employee benefits, including popular products like **Ticket Restaurant** and **Ticket Alimentación** for meal and grocery payments.

EDENRED (OTCMKTS:EDNMY - Get Free Report) dropped 7.4% during trading on Friday . The company traded as low as $11.90 and last traded at $12.22. Approximately 6,136 shares traded hands during trading, a decline of 36% from the average daily volume of 9,618 shares. The stock had previously closed at $13.20.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Zacks Research lowered EDENRED from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. Morgan Stanley reissued an "overweight" rating on shares of EDENRED in a research note on Wednesday, September 3rd. Finally, Sanford C. Bernstein downgraded EDENRED from a "strong-buy" rating to a "hold" rating in a research note on Monday. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, EDENRED currently has a consensus rating of "Hold".

EDENRED Price Performance

The company's 50-day moving average is $14.61 and its 200-day moving average is $15.60.

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.