Edenred (OTCMKTS:EDNMY) Sets New 52-Week Low – Should You Sell?

Shares of Edenred SE (OTCMKTS:EDNMYGet Free Report) 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 changing hands. The stock had previously closed at $15.20.

Analyst Upgrades and Downgrades

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

Read Our Latest Analysis on EDNMY

Edenred Price Performance

The business has a 50-day moving average of $17.97 and a 200-day moving average of $20.77.

About Edenred

(Get Free Report)

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.

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