Adyen (OTCMKTS:ADYEY) Sees Large Volume Increase – Here’s Why

Shares of Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) saw an uptick in trading volume on Wednesday . 2,393,289 shares traded hands during trading, an increase of 38% from the previous session’s volume of 1,732,374 shares.The stock last traded at $11.08 and had previously closed at $11.21.

Analyst Ratings Changes

Several research analysts have recently weighed in on ADYEY shares. KeyCorp raised shares of Adyen to a “strong-buy” rating in a report on Friday, January 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Adyen in a research report on Friday, January 9th. Cantor Fitzgerald started coverage on Adyen in a report on Monday, January 26th. They set an “overweight” rating on the stock. Finally, Wolfe Research raised Adyen from a “hold” rating to an “outperform” rating in a report on Thursday, January 8th. Three equities research analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy”.

Adyen Price Performance

The company’s 50-day simple moving average is $14.27 and its two-hundred day simple moving average is $15.59.

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.