Edenred (OTCMKTS:EDNMY) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Edenred SE (OTCMKTS:EDNMY) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $19.27 and traded as low as $15.50. Edenred shares last traded at $16.20, with a volume of 5,094 shares trading hands.

Analyst Upgrades and Downgrades

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

Edenred Stock Down 1.0 %

The company has a 50 day moving average of $16.30 and a 200 day moving average of $19.27.

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.