Adyen (OTCMKTS:ADYEY) Sees Unusually-High Trading Volume – Here’s Why

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) saw strong trading volume on Monday . 5,962,316 shares changed hands during trading, an increase of 239% from the previous session’s volume of 1,760,958 shares.The stock last traded at $10.69 and had previously closed at $11.07.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of Adyen in a research note on Tuesday, April 21st. They set an “outperform” rating on the stock. KeyCorp raised shares of Adyen to a “strong-buy” rating in a research note on Friday, January 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Adyen in a research note on Monday, April 27th. Monness Crespi & Hardt reaffirmed a “buy” rating on shares of Adyen in a research note on Wednesday. Finally, Cantor Fitzgerald started coverage on shares of Adyen in a research note on Monday, January 26th. They set an “overweight” 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’s stock. According to MarketBeat, Adyen presently has a consensus rating of “Buy”.

Adyen Trading Down 3.3%

The company’s fifty day simple moving average is $10.70 and its two-hundred day simple moving average is $13.78.

About Adyen

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.