Adyen (OTCMKTS:ADYEY) Sees Unusually-High Trading Volume on Analyst Upgrade

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) shares saw unusually-high trading volume on Monday after KeyCorp upgraded the stock to a strong-buy rating. Approximately 891,638 shares traded hands during mid-day trading, a decline of 2% from the previous session’s volume of 910,499 shares.The stock last traded at $16.67 and had previously closed at $16.40.

ADYEY has been the subject of a number of other research reports. Wolfe Research raised Adyen from a “hold” rating to an “outperform” rating in a research note on Thursday, January 8th. Wells Fargo & Company assumed coverage on shares of Adyen in a research report on Tuesday, October 21st. They issued an “overweight” rating for the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of Adyen in a report on Wednesday, October 29th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Adyen in a research report on Friday, January 9th. Three research analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Adyen Stock Up 1.8%

The business’s 50 day moving average price is $15.93 and its two-hundred day moving average price is $16.54.

About Adyen

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.