Adyen (OTCMKTS:ADYEY) Hits New 12-Month Low – Here’s Why

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) hit a new 52-week low on Friday . The stock traded as low as $8.93 and last traded at $8.96, with a volume of 79733 shares. The stock had previously closed at $9.03.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ADYEY. Jefferies Financial Group reiterated a “buy” rating on shares of Adyen in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Adyen in a research note on Thursday. BMO Capital Markets assumed coverage on Adyen in a research note on Tuesday, April 21st. They set an “outperform” rating for the company. Monness Crespi & Hardt restated a “buy” rating on shares of Adyen in a research report on Wednesday, May 6th. 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 assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Adyen Price Performance

The firm has a 50-day moving average of $9.91 and a two-hundred day moving average of $11.42.

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.