Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) Receives Consensus Rating of “Buy” from Analysts

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) has earned a consensus rating of “Buy” from the eight analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, five have given a buy recommendation and two have assigned a strong buy recommendation to the company.

Several equities research analysts have recently issued reports on ADYEY shares. Wells Fargo & Company initiated coverage on Adyen in a research report on Tuesday, October 21st. They issued an “overweight” rating on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of Adyen in a report on Wednesday, October 29th.

Adyen Trading Down 0.7%

OTCMKTS:ADYEY opened at $16.02 on Friday. Adyen has a 1 year low of $13.14 and a 1 year high of $19.94. The firm’s fifty day simple moving average is $16.12 and its 200 day simple moving average is $16.89.

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.