Adyen (OTCMKTS:ADYEY) Sets New 1-Year Low – Should You Sell?

Shares of Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) reached a new 52-week low during mid-day trading on Saturday . The stock traded as low as $9.28 and last traded at $9.40, with a volume of 2008333 shares traded. The stock had previously closed at $10.36.

Wall Street Analyst Weigh In

ADYEY has been the topic of several recent analyst reports. Jefferies Financial Group reissued a “buy” rating on shares of Adyen in a research note on Monday, May 4th. BNP Paribas Exane lowered shares of Adyen to a “neutral” rating in a research note on Monday. BMO Capital Markets initiated coverage on shares of Adyen in a research note on Tuesday, April 21st. They set an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Adyen in a research note on Monday, April 27th. Finally, Monness Crespi & Hardt reissued a “buy” rating on shares of Adyen in a research note on Wednesday, May 6th. One 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Adyen Stock Performance

The firm’s 50-day moving average is $10.67 and its two-hundred day moving average is $12.90.

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.