Adyen (OTCMKTS:ADYEY) Sets New 52-Week Low – What’s Next?

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $10.1250 and last traded at $10.15, with a volume of 118979 shares traded. The stock had previously closed at $10.43.

Analysts Set New Price Targets

A number of research firms recently weighed in on ADYEY. Morgan Stanley reissued an “overweight” rating on shares of Adyen in a research note on Friday, January 9th. KeyCorp upgraded shares of Adyen to a “strong-buy” rating in a research note on Friday, January 23rd. Wolfe Research raised Adyen from a “hold” rating to an “outperform” rating in a report on Thursday, January 8th. Finally, Cantor Fitzgerald initiated coverage on Adyen in a research note on Monday, January 26th. They issued an “overweight” rating on the stock. Three research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. According to data from MarketBeat, Adyen currently has a consensus rating of “Buy”.

Adyen Stock Performance

The company’s fifty day moving average price is $13.36 and its two-hundred day moving average price is $15.22.

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.