Adyen (OTCMKTS:ADYEY) Shares Gap Down – Here’s What Happened

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) shares gapped down prior to trading on Thursday . The stock had previously closed at $9.52, but opened at $9.02. Adyen shares last traded at $9.1280, with a volume of 73,929 shares trading hands.

Analyst Ratings Changes

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

Adyen Trading Up 5.0%

The business’s 50-day moving average is $10.61 and its 200-day moving average is $12.70.

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.