EDENRED (OTCMKTS:EDNMY) Trading Down 4.8% - Should You Sell?

Key Points

• Edenred's stock price declined by 4.8% on Monday, trading down to $15.00, with significantly lower trading volume at just 1,556 shares compared to the average of 19,752 shares.
• The company recently declared a dividend of $0.499 per share, which was paid on June 27th, providing shareholders with a yield of 3.18%.
• Edenred operates a digital platform for services and payments that includes various employee benefit solutions, such as meal vouchers and childcare support.

EDENRED (OTCMKTS:EDNMY - Get Free Report) shares dropped 4.8% on Monday . The stock traded as low as $15.00 and last traded at $15.00. Approximately 1,556 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 19,752 shares. The stock had previously closed at $15.75.

EDENRED Price Performance

The firm's 50-day moving average is $15.26 and its two-hundred day moving average is $16.08.

EDENRED Cuts Dividend

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

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.