Adyen (OTCMKTS:ADYEY) Trading 7.7% Higher – What’s Next?

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEYGet Free Report) shot up 7.7% on Tuesday . The company traded as high as $10.25 and last traded at $10.21. 301,000 shares changed hands during trading, a decline of 84% from the average daily volume of 1,932,245 shares. The stock had previously closed at $9.48.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Loop Capital began coverage on Adyen in a report on Wednesday, July 15th. They issued a “hold” rating for the company. BMO Capital Markets initiated coverage on shares of Adyen in a research note on Tuesday, April 21st. They issued an “outperform” rating for the company. BNP Paribas Exane cut Adyen to a “neutral” rating in a research report on Monday, June 1st. Jefferies Financial Group reiterated a “buy” rating on shares of Adyen in a report on Monday, May 4th. Finally, Monness Crespi & Hardt restated a “buy” rating on shares of Adyen in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Adyen has an average rating of “Moderate Buy”.

View Our Latest Analysis on Adyen

Adyen Price Performance

The stock has a 50-day moving average of $9.83 and a 200 day moving average of $11.21.

About Adyen

(Get Free Report)

Adyen is a global payments technology company that provides an end-to-end platform for accepting and processing electronic payments across online, mobile and point-of-sale channels. Its core services include payment gateway and acquiring capabilities, fraud prevention and risk management, settlement and reconciliation, and tools for recurring and marketplace payments. The platform is designed to consolidate multiple payment functions into a single integration, enabling merchants to accept a wide range of local and international payment methods and currencies.

Founded in 2006 and headquartered in Amsterdam, Adyen was established by Pieter van der Does and Arnout Schuijff to simplify cross-border payments for international merchants.

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