EDENRED (OTCMKTS:EDNMY) Stock Price Down 4.1% - Should You Sell?

Key Points

• EDENRED's shares declined by 4.1% to $11.75, with trading volume dropping 27% compared to its average daily volume.
• Analysts have recently downgraded EDENRED from a "strong-buy" to a "hold" rating, resulting in an overall average rating of "Hold" for the stock.
• The company offers a variety of employee benefit solutions, such as Ticket Restaurant and Ticket Alimentación, catering to companies, employees, and merchants globally.

Shares of EDENRED (OTCMKTS:EDNMY - Get Free Report) were down 4.1% on Thursday . The company traded as low as $11.75 and last traded at $11.75. Approximately 7,061 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 9,703 shares. The stock had previously closed at $12.25.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on EDNMY shares. Morgan Stanley reaffirmed an "overweight" rating on shares of EDENRED in a report on Wednesday, September 3rd. Zacks Research downgraded EDENRED from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. Finally, Sanford C. Bernstein downgraded 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 four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold".

EDENRED Trading Up 3.4%

The company has a fifty day moving average of $14.38 and a two-hundred day moving average of $15.48.

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.