Adyen (OTCMKTS:ADYEY) Shares Gap Up – Should You Buy?

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $10.53, but opened at $12.0650. Adyen shares last traded at $11.96, with a volume of 272,255 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ADYEY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Adyen in a research note on Thursday, July 23rd. Loop Capital initiated coverage on shares of Adyen in a research report on Wednesday, July 15th. They issued a “hold” rating for the company. Monness Crespi & Hardt reissued a “buy” rating on shares of Adyen in a report on Wednesday, May 6th. Jefferies Financial Group restated a “buy” rating on shares of Adyen in a research report on Monday, May 4th. Finally, BNP Paribas Exane lowered Adyen to a “neutral” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Adyen Price Performance

The business’s fifty day simple moving average is $9.79 and its 200-day simple moving average is $10.81.

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.