Edenred (OTCMKTS:EDNMY) Sets New 1-Year Low – Time to Sell?

Edenred SE (OTCMKTS:EDNMY) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $14.30 and last traded at $15.00, with a volume of 8412 shares trading hands. The stock had previously closed at $15.20.

Analyst Ratings Changes

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

Edenred Trading Up 5.0 %

The business’s 50-day simple moving average is $17.97 and its 200-day simple moving average is $20.77.

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.