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

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) saw an uptick in trading volume on Monday . 3,840,120 shares were traded during trading, an increase of 116% from the previous session’s volume of 1,778,255 shares.The stock last traded at $9.88 and had previously closed at $9.60.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Adyen in a research note on Monday, April 27th. Monness Crespi & Hardt reaffirmed a “buy” rating on shares of Adyen in a report on Wednesday, May 6th. BNP Paribas Exane downgraded shares of Adyen to a “neutral” rating in a research report on Monday, June 1st. Jefferies Financial Group reiterated a “buy” rating on shares of Adyen in a research note on Monday, May 4th. Finally, BMO Capital Markets started coverage on shares of Adyen in a research report on Tuesday, April 21st. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Adyen has a consensus rating of “Buy”.

Adyen Price Performance

The business’s 50-day moving average is $10.35 and its two-hundred day moving average is $12.06.

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.