Adyen (OTCMKTS:ADYEY) Sets New 12-Month Low – Here’s What Happened

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as $8.93 and last traded at $8.96, with a volume of 79733 shares trading hands. The stock had previously closed at $9.03.

Wall Street Analyst Weigh In

ADYEY has been the subject of several research analyst reports. BNP Paribas Exane downgraded shares of Adyen to a “neutral” rating in a research note on Monday, June 1st. Jefferies Financial Group reiterated a “buy” rating on shares of Adyen in a research note on Monday, May 4th. BMO Capital Markets initiated coverage on Adyen in a report on Tuesday, April 21st. They issued an “outperform” rating for the company. Loop Capital initiated coverage on Adyen in a research note on Wednesday, July 15th. They set a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Adyen in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Adyen Stock Up 0.5%

The business has a 50 day simple moving average of $9.91 and a 200-day simple moving average of $11.42.

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.