Adyen (OTCMKTS:ADYEY) Hits New 12-Month Low – Here’s What Happened

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) hit a new 52-week low during trading on Friday . The stock traded as low as $8.93 and last traded at $9.04, with a volume of 2098908 shares trading hands. The stock had previously closed at $9.14.

Wall Street Analysts Forecast Growth

ADYEY has been the subject of several research analyst reports. BMO Capital Markets initiated coverage on Adyen in a research note on Tuesday, April 21st. They issued an “outperform” rating for the company. Monness Crespi & Hardt reaffirmed a “buy” rating on shares of Adyen in a research note on Wednesday, May 6th. BNP Paribas Exane downgraded Adyen to a “neutral” rating in a research note on Monday, June 1st. Jefferies Financial Group reissued a “buy” rating on shares of Adyen in a research note on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Adyen in a research note on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Adyen Stock Down 1.1%

The business has a 50 day moving average of $10.62 and a 200-day moving average of $12.72.

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.