Adyen (OTCMKTS:ADYEY) Shares Gap Up – Here’s What Happened

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $9.88, but opened at $10.31. Adyen shares last traded at $10.36, with a volume of 41,826 shares changing hands.

Wall Street Analysts Forecast Growth

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

Adyen Trading Down 2.1%

The business has a fifty day simple moving average of $10.63 and a 200 day simple moving average of $12.57.

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.