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

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) shares 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 traded.

Analyst Ratings Changes

A number of analysts have recently weighed in on ADYEY shares. Loop Capital upgraded Adyen from a “hold” rating to a “buy” rating in a research report on Thursday. Wolfe Research restated an “outperform” rating on shares of Adyen in a research report on Tuesday, August 25th. BMO Capital Markets reissued an “outperform” rating on shares of Adyen in a research note on Friday, August 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Adyen in a research note on Friday, August 14th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Adyen in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Adyen currently has a consensus rating of “Buy”.

Adyen Stock Up 1.1%

The stock’s fifty day simple moving average is $10.67 and its two-hundred day simple moving average is $11.04.

Adyen Company Profile

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.