Edenred (OTCMKTS:EDNMY) Shares Down 9.1% – Time to Sell?

Edenred SE (OTCMKTS:EDNMY)’s stock price dropped 9.1% on Tuesday . The company traded as low as $15.00 and last traded at $15.00. Approximately 11,538 shares were traded during trading, a decline of 70% from the average daily volume of 38,807 shares. The stock had previously closed at $16.50.

Wall Street Analyst Weigh In

Separately, Citigroup raised shares of Edenred to a “hold” rating in a research note on Tuesday, October 15th.

Edenred Price Performance

The company’s fifty day moving average is $16.67 and its 200 day moving average is $19.76.

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.