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

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $8.93 and last traded at $9.04, with a volume of 2098908 shares. The stock had previously closed at $9.14.

Analyst Ratings Changes

Several brokerages have recently weighed in on ADYEY. BNP Paribas Exane downgraded shares of Adyen to a “neutral” rating in a research note on Monday, June 1st. BMO Capital Markets began coverage on shares of Adyen in a research note on Tuesday, April 21st. They set an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Adyen in a research note on Monday, April 27th. Monness Crespi & Hardt reiterated a “buy” rating on shares of Adyen in a research note on Wednesday, May 6th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Adyen in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Adyen currently has an average rating of “Buy”.

Adyen Trading Down 1.1%

The business’s 50 day moving average price is $10.62 and its 200-day moving average price is $12.72.

Adyen Company Profile

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.