Adyen (OTCMKTS:ADYEY) Hits New 1-Year Low – Here’s Why

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) hit a new 52-week low on Wednesday . The stock traded as low as $10.1250 and last traded at $10.15, with a volume of 118979 shares trading hands. The stock had previously closed at $10.43.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ADYEY shares. Wolfe Research upgraded Adyen from a “hold” rating to an “outperform” rating in a research note on Thursday, January 8th. Morgan Stanley restated an “overweight” rating on shares of Adyen in a report on Friday, January 9th. Cantor Fitzgerald started coverage on Adyen in a research report on Monday, January 26th. They set an “overweight” rating on the stock. Finally, KeyCorp upgraded Adyen to a “strong-buy” rating in a report on Friday, January 23rd. Three investment analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Adyen Trading Down 0.4%

The firm’s fifty day moving average is $13.08 and its two-hundred day moving average is $15.15.

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.