Adyen (OTCMKTS:ADYEY) Upgraded by Evercore ISI to Strong-Buy Rating

Evercore ISI upgraded shares of Adyen (OTCMKTS:ADYEY) to a strong-buy rating in a report released on Tuesday morning,Zacks.com reports.

Separately, Morgan Stanley restated an “overweight” rating on shares of Adyen in a research report on Friday, March 7th. One equities research analyst has rated the stock with a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Adyen Stock Down 4.8 %

ADYEY traded down $0.77 on Tuesday, hitting $15.24. 1,105,200 shares of the company’s stock traded hands, compared to its average volume of 665,937. The company’s 50 day simple moving average is $16.64 and its 200-day simple moving average is $15.54. Adyen has a one year low of $10.78 and a one year high of $19.39.

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.