Adyen (OTCMKTS:ADYEY) Sees Strong Trading Volume – What’s Next?

Shares of Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) saw unusually-strong trading volume on Friday . Approximately 1,340,683 shares changed hands during mid-day trading, an increase of 116% from the previous session’s volume of 619,529 shares.The stock last traded at $16.0850 and had previously closed at $16.24.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wolfe Research upgraded Adyen from a “hold” rating to an “outperform” rating in a research note on Thursday, January 8th. Morgan Stanley reissued an “overweight” rating on shares of Adyen in a research note on Friday, January 9th. Jefferies Financial Group reiterated a “buy” rating on shares of Adyen in a research report on Wednesday, October 29th. Finally, Wells Fargo & Company began coverage on Adyen in a research note on Tuesday, October 21st. They set an “overweight” rating for the company. Two analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to MarketBeat.com, Adyen presently has a consensus rating of “Buy”.

Adyen Price Performance

The company has a 50-day moving average price of $15.93 and a 200-day moving average price of $16.64.

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.