Adyen (OTCMKTS:ADYEY) Sets New 1-Year Low – Here’s Why

Shares of Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) hit a new 52-week low during trading on Wednesday . The stock traded as low as $10.1250 and last traded at $10.15, with a volume of 118979 shares. The stock had previously closed at $10.43.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ADYEY shares. Wolfe Research raised shares of Adyen from a “hold” rating to an “outperform” rating in a research note on Thursday, January 8th. Cantor Fitzgerald began coverage on shares of Adyen in a research report on Monday, January 26th. They set an “overweight” rating on the stock. Morgan Stanley reissued an “overweight” rating on shares of Adyen in a research note on Friday, January 9th. Finally, KeyCorp raised Adyen to a “strong-buy” rating in a research note on Friday, January 23rd. Three research analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Adyen Price Performance

The business’s 50 day simple moving average is $13.36 and its 200 day simple moving average is $15.22.

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.