Edenred (OTCMKTS:EDNMY) Hits New 1-Year Low – Should You Sell?

Shares of Edenred SE (OTCMKTS:EDNMY) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $15.00 and last traded at $15.00, with a volume of 39553 shares trading hands. The stock had previously closed at $18.65.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded shares of Edenred to a “hold” rating in a report on Tuesday, October 15th.

Edenred Price Performance

The firm has a 50 day moving average price of $19.25 and a two-hundred day moving average price of $21.58.

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.