Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) Given Average Rating of “Buy” by Brokerages

Shares of Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) have been assigned an average rating of “Buy” from the ten research firms that are covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company.

ADYEY has been the subject of a number of research reports. Wolfe Research upgraded shares of Adyen from a “hold” rating to an “outperform” rating in a research report on Thursday, January 8th. KeyCorp upgraded shares of Adyen to a “strong-buy” rating in a research note on Friday, January 23rd. Morgan Stanley reissued an “overweight” rating on shares of Adyen in a report on Friday, January 9th. Finally, Cantor Fitzgerald assumed coverage on Adyen in a research report on Monday, January 26th. They set an “overweight” rating for the company.

Adyen Price Performance

OTCMKTS ADYEY opened at $10.70 on Friday. Adyen has a 12 month low of $10.57 and a 12 month high of $19.94. The stock’s 50 day moving average is $13.96 and its 200 day moving average is $15.44.

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.