Adyen (OTCMKTS:ADYEY) Sees Large Volume Increase – Here’s What Happened

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) saw strong trading volume on Friday . 1,340,683 shares traded hands during trading, an increase of 116% from the previous session’s volume of 619,529 shares.The stock last traded at $16.0850 and had previously closed at $16.24.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ADYEY shares. Jefferies Financial Group reiterated a “buy” rating on shares of Adyen in a research note on Wednesday, October 29th. Wells Fargo & Company initiated coverage on Adyen in a research report on Tuesday, October 21st. They set an “overweight” rating for the company. Wolfe Research raised shares of Adyen from a “hold” rating to an “outperform” rating in a report on Thursday, January 8th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Adyen in a report on Friday, January 9th. Two equities research analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to MarketBeat.com, Adyen has an average rating of “Buy”.

Adyen Trading Down 1.0%

The business’s fifty day moving average price is $15.93 and its 200-day moving average price is $16.64.

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.