Edenred (OTCMKTS:EDNMY) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

Shares of Edenred SE (OTCMKTS:EDNMY) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $16.89 and traded as low as $15.75. Edenred shares last traded at $16.10, with a volume of 999 shares.

Analysts Set New Price Targets

Separately, Barclays downgraded shares of Edenred from a “strong-buy” rating to a “hold” rating in a report on Sunday, January 26th.

Edenred Trading Down 5.3 %

The company has a 50 day moving average of $16.89 and a 200-day moving average of $16.74.

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.