Adyen (OTCMKTS:ADYEY) Shares Gap Down – Here’s Why

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEYGet Free Report)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $12.25, but opened at $11.76. Adyen shares last traded at $11.68, with a volume of 200,692 shares.

Analyst Upgrades and Downgrades

ADYEY has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Adyen in a report on Friday. Jefferies Financial Group restated a “buy” rating on shares of Adyen in a report on Monday, May 4th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Adyen in a research report on Friday. Loop Capital assumed coverage on Adyen in a report on Wednesday, July 15th. They set a “hold” rating for the company. Finally, Monness Crespi & Hardt reiterated a “buy” rating on shares of Adyen in a research report on Wednesday, May 6th. One equities 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

View Our Latest Stock Analysis on Adyen

Adyen Price Performance

The firm has a 50 day moving average of $9.99 and a 200-day moving average of $10.70.

Adyen Company Profile

(Get Free Report)

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.

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