Adyen (OTCMKTS:ADYEY) Shares Down 7% – What’s Next?

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY)’s stock price was down 7% during mid-day trading on Monday . The company traded as low as $9.54 and last traded at $9.6375. Approximately 94,577 shares traded hands during trading, a decline of 95% from the average daily volume of 1,723,564 shares. The stock had previously closed at $10.36.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ADYEY shares. BMO Capital Markets assumed coverage on Adyen in a research note on Tuesday, April 21st. They issued an “outperform” rating for the company. BNP Paribas Exane lowered Adyen to a “neutral” rating in a report on Monday, June 1st. Monness Crespi & Hardt restated a “buy” rating on shares of Adyen in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Adyen in a report on Monday, April 27th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Adyen in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Adyen Price Performance

The firm has a fifty day simple moving average of $10.67 and a 200 day simple moving average of $12.88.

Adyen Company Profile

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.