EDENRED (OTCMKTS:EDNMY) Trading 5.6% Higher - Here's Why

Key Points

• EDENRED's stock price increased by 5.6% during mid-day trading, reaching $12.25, although trading volume was significantly lower than average.
• Analyst ratings for EDENRED have varied, with Morgan Stanley maintaining an "overweight" rating, while Zacks and Sanford C. Bernstein downgraded it to "hold."
• The company offers a range of digital employee benefit solutions, including meal vouchers and childcare vouchers, aimed at enhancing employee welfare.

EDENRED (OTCMKTS:EDNMY - Get Free Report)'s stock price shot up 5.6% during mid-day trading on Tuesday . The company traded as high as $12.25 and last traded at $12.25. 688 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 10,670 shares. The stock had previously closed at $11.60.

Analyst Ratings Changes

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

EDENRED Trading Up 3.4%

The business has a 50-day moving average price of $14.00 and a two-hundred day moving average price of $15.21.

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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