Adyen (OTCMKTS:ADYEY) Shares Gap Down – Should You Sell?

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) gapped down before the market opened on Wednesday. The stock had previously closed at $10.53, but opened at $9.06. Adyen shares last traded at $9.06, with a volume of 2,196,944 shares.

Wall Street Analysts Forecast Growth

ADYEY has been the subject of a number of recent research reports. BMO Capital Markets restated an “outperform” rating on shares of Adyen in a research report on Friday, August 14th. Scotiabank assumed coverage on shares of Adyen in a report on Wednesday, September 2nd. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Adyen in a report on Friday, August 14th. Wolfe Research reiterated an “outperform” rating on shares of Adyen in a research report on Tuesday, August 25th. Finally, Loop Capital assumed coverage on Adyen in a report on Wednesday, July 15th. They set a “hold” rating for the company. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Adyen Trading Down 13.2%

The company’s fifty day moving average is $10.80 and its 200 day moving average is $11.12.

About Adyen

Adyen N.V. is a Netherlands-based financial technology company that operates a global payments platform for businesses. The company enables merchants to accept and process payments through online, mobile and in-person channels using a single technology platform.

Its services include payment processing, transaction risk management, authentication, recurring billing and reporting. Adyen also offers point-of-sale solutions, payment methods and financial products designed for platforms and marketplaces, including card issuing and embedded financial services.