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

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $15.71, but opened at $16.71. Adyen shares last traded at $16.8130, with a volume of 147,047 shares changing hands.

Analyst Upgrades and Downgrades

ADYEY has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Adyen in a research note on Friday, August 15th. Jefferies Financial Group reissued a “buy” rating on shares of Adyen in a report on Wednesday, October 29th. Wells Fargo & Company began coverage on Adyen in a research report on Tuesday, October 21st. They set an “overweight” rating for the company. Monness Crespi & Hardt reissued a “buy” rating on shares of Adyen in a research note on Friday, August 15th. Finally, Wolfe Research lowered shares of Adyen from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Adyen has a consensus rating of “Buy”.

Adyen Trading Up 8.2%

The business has a fifty day moving average price of $16.54 and a two-hundred day moving average price of $17.39.

Adyen Company Profile

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.