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

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) gapped down prior to trading on Monday . The stock had previously closed at $12.25, but opened at $11.76. Adyen shares last traded at $11.68, with a volume of 200,692 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ADYEY. BNP Paribas Exane downgraded Adyen to a “neutral” rating in a research report on Monday, June 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Adyen in a research note on Friday. Monness Crespi & Hardt reissued a “buy” rating on shares of Adyen in a report on Wednesday, May 6th. BMO Capital Markets reiterated an “outperform” rating on shares of Adyen in a research note on Friday. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Adyen in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Adyen Stock Performance

The company’s 50 day moving average price is $9.89 and its 200 day moving average price is $10.75.

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.