EDENRED (OTCMKTS:EDNMY) Trading Up 7.9% - Still a Buy?

Key Points

• Edenred's stock price increased by 7.9% on Monday, reaching a trading high of $17.00 after closing at $15.75 prior to the surge.
• The company recently declared a dividend of $0.499 per share, with a dividend yield of 3.18%, highlighting its commitment to returning value to shareholders.
• Edenred offers a variety of employee benefit solutions through its digital platform, including meal vouchers, gift vouchers, and services for childcare and educational needs.

EDENRED (OTCMKTS:EDNMY - Get Free Report)'s share price rose 7.9% during mid-day trading on Monday . The stock traded as high as $17.00 and last traded at $17.00. Approximately 452 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 10,154 shares. The stock had previously closed at $15.75.

EDENRED Stock Down 2.8%

The firm has a fifty day simple moving average of $15.26 and a 200-day simple moving average of $16.08.

EDENRED Cuts Dividend

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

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.