Adyen (OTCMKTS:ADYEY) Reaches New 1-Year Low – Time to Sell?

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY)’s share price reached a new 52-week low on Thursday . The stock traded as low as $10.55 and last traded at $10.56, with a volume of 95393 shares trading hands. The stock had previously closed at $10.71.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ADYEY shares. Cantor Fitzgerald started coverage on shares of Adyen in a research note on Monday, January 26th. They set an “overweight” rating on the stock. KeyCorp upgraded Adyen to a “strong-buy” rating in a research report on Friday, January 23rd. Morgan Stanley reiterated an “overweight” rating on shares of Adyen in a research report on Friday, January 9th. Finally, Wolfe Research raised shares of Adyen from a “hold” rating to an “outperform” rating in a research note on Thursday, January 8th. Three analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Adyen Stock Down 1.0%

The stock has a 50 day moving average price of $13.85 and a two-hundred day moving average price of $15.41.

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.