EDENRED (OTCMKTS:EDNMY) Shares Down 6.8% - Here's Why

Shares of EDENRED (OTCMKTS:EDNMY - Get Free Report) dropped 6.8% during trading on Thursday . The company traded as low as $15.00 and last traded at $15.00. Approximately 745 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 10,659 shares. The stock had previously closed at $16.10.

EDENRED Stock Down 0.6%

The stock's 50 day simple moving average is $15.31 and its 200 day simple moving average is $16.19.

EDENRED Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 27th. Stockholders of record on Tuesday, June 10th were paid a $0.499 dividend. The ex-dividend date of this dividend was Monday, June 9th. This represents a dividend yield of 3.18%.

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.