Adyen (OTCMKTS:ADYEY) Reaches New 1-Year Low – What’s Next?

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $9.73 and last traded at $9.81, with a volume of 77970 shares. The stock had previously closed at $9.99.

Analyst Ratings Changes

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

Adyen Stock Down 1.3%

The company has a 50 day moving average of $12.45 and a 200-day moving average of $14.93.

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.