Adyen (OTCMKTS:ADYEY) Shares Up 7.7% – Here’s What Happened

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) shares shot up 7.7% on Tuesday . The company traded as high as $10.25 and last traded at $10.21. Approximately 301,000 shares were traded during trading, a decline of 84% from the average daily volume of 1,932,245 shares. The stock had previously closed at $9.48.

Analyst Ratings Changes

ADYEY has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Adyen in a research note on Thursday. BNP Paribas Exane downgraded Adyen to a “neutral” rating in a research note on Monday, June 1st. Monness Crespi & Hardt reissued a “buy” rating on shares of Adyen in a research note on Wednesday, May 6th. BMO Capital Markets began coverage on Adyen in a report on Tuesday, April 21st. They issued an “outperform” rating for the company. Finally, Loop Capital started coverage on Adyen in a research note on Wednesday, July 15th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Adyen presently has a consensus rating of “Moderate Buy”.

Adyen Stock Performance

The stock’s fifty day moving average is $9.87 and its 200-day moving average is $11.31.

About Adyen

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.