Adyen (OTCMKTS:ADYEY) Shares Gap Down – Should You Sell?

Shares of Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) gapped down prior to trading on Wednesday. The stock had previously closed at $10.53, but opened at $9.06. Adyen shares last traded at $9.06, with a volume of 2,196,944 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ADYEY. Wolfe Research reiterated an “outperform” rating on shares of Adyen in a research report on Tuesday, August 25th. Scotiabank started coverage on Adyen in a research note on Wednesday, September 2nd. They set an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Adyen in a research note on Friday, August 14th. Loop Capital initiated coverage on shares of Adyen in a research note on Wednesday, July 15th. They issued a “hold” rating on the stock. Finally, BMO Capital Markets restated an “outperform” rating on shares of Adyen in a research note on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Adyen Stock Down 13.2%

The firm has a fifty day moving average of $10.80 and a 200 day moving average of $11.12.

Adyen Company Profile

Adyen N.V. is a Netherlands-based financial technology company that operates a global payments platform for businesses. The company enables merchants to accept and process payments through online, mobile and in-person channels using a single technology platform.

Its services include payment processing, transaction risk management, authentication, recurring billing and reporting. Adyen also offers point-of-sale solutions, payment methods and financial products designed for platforms and marketplaces, including card issuing and embedded financial services.