Adyen (OTCMKTS:ADYEY) Shares Up 0.8% – Time to Buy?

Adyen (OTCMKTS:ADYEY)’s stock price rose 0.8% during trading on Tuesday . The stock traded as high as $15.34 and last traded at $15.27. Approximately 382,205 shares changed hands during trading, a decline of 46% from the average daily volume of 707,959 shares. The stock had previously closed at $15.15.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Citigroup raised Adyen to a “strong-buy” rating in a research report on Friday, August 16th. Barclays raised Adyen to a “strong-buy” rating in a report on Friday, August 16th.

Adyen Stock Down 2.2 %

The firm’s 50 day moving average is $14.97 and its 200-day moving average is $13.55.

About Adyen

Adyen N.V. operates a payments platform in Europe, the Middle East, Africa, North America, the Asia Pacific, Latin America. The company's platform integrates payments stack that include gateway, risk management, processing, issuing, acquiring, and settlement services. It offers a back-end infrastructure for authorizing.