Adyen (OTCMKTS:ADYEY) Reaches New 1-Year Low – Here’s Why

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) shares hit a new 52-week low during trading on Thursday . The company traded as low as $11.33 and last traded at $11.36, with a volume of 360756 shares traded. The stock had previously closed at $13.65.

Wall Street Analysts Forecast Growth

ADYEY has been the subject of a number of recent research reports. Cantor Fitzgerald assumed coverage on Adyen in a research note on Monday, January 26th. They set an “overweight” rating for the company. Wells Fargo & Company initiated coverage on Adyen in a research report on Tuesday, October 21st. They issued an “overweight” rating for the company. Jefferies Financial Group reiterated a “buy” rating on shares of Adyen in a research note on Wednesday, October 29th. Wolfe Research upgraded shares of Adyen from a “hold” rating to an “outperform” rating in a research note on Thursday, January 8th. Finally, KeyCorp upgraded shares of Adyen to a “strong-buy” rating in a research note on Friday, January 23rd. Three research analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Adyen Price Performance

The firm has a fifty day moving average of $15.71 and a 200 day moving average of $16.24.

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.