Adyen (OTCMKTS:ADYEY) Shares Gap Down – What’s Next?

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $14.90, but opened at $14.15. Adyen shares last traded at $14.10, with a volume of 67,381 shares traded.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ADYEY. Jefferies Financial Group reaffirmed a “buy” rating on shares of Adyen in a report on Wednesday, October 29th. Wolfe Research raised shares of Adyen from a “hold” rating to an “outperform” rating in a research note on Thursday, January 8th. KeyCorp upgraded shares of Adyen to a “strong-buy” rating in a report on Friday, January 23rd. Wells Fargo & Company began coverage on Adyen in a research report on Tuesday, October 21st. They issued an “overweight” rating for the company. Finally, Cantor Fitzgerald assumed coverage on Adyen in a research report on Monday, January 26th. They set an “overweight” rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Adyen Trading Down 7.5%

The stock’s fifty day moving average is $15.96 and its two-hundred day moving average is $16.44.

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.