Adyen (OTCMKTS:ADYEY) Shares Gap Down – What’s Next?

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $11.29, but opened at $10.7649. Adyen shares last traded at $10.93, with a volume of 84,534 shares traded.

Wall Street Analyst Weigh In

ADYEY has been the topic of a number of recent analyst reports. Wolfe Research upgraded Adyen from a “hold” rating to an “outperform” rating in a research report on Thursday, January 8th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Adyen in a report on Monday. Morgan Stanley reiterated an “overweight” rating on shares of Adyen in a research report on Friday, January 9th. KeyCorp upgraded shares of Adyen to a “strong-buy” rating in a research report on Friday, January 23rd. Finally, BMO Capital Markets started coverage on Adyen in a report on Tuesday, April 21st. They issued an “outperform” rating on the stock. Two analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Adyen Stock Up 0.2%

The firm’s 50 day simple moving average is $10.70 and its 200-day simple moving average is $13.90.

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.