Edenred (OTCMKTS:EDNMY) Stock Price 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.

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

Wall Street Analyst Weigh In

A number of equities research analysts have 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 reaffirmed an "overweight" rating on shares of Edenred in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold".

Edenred Stock Performance

The firm has a 50-day moving average price of $14.86 and a two-hundred day moving average price of $15.69.

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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