Adyen (OTCMKTS:ADYEY) Shares Gap Down – What’s Next?

Shares of Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) gapped down prior to trading on Friday . The stock had previously closed at $10.41, but opened at $10.0275. Adyen shares last traded at $10.00, with a volume of 45,956 shares traded.

Wall Street Analyst Weigh In

ADYEY has been the subject of several research analyst reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Adyen in a research note on Friday, August 14th. BNP Paribas Exane cut Adyen to a “neutral” rating in a research note on Monday, June 1st. Scotiabank assumed coverage on Adyen in a report on Wednesday, September 2nd. They set an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Adyen in a research report on Friday, August 14th. Finally, Wolfe Research reiterated an “outperform” rating on shares of Adyen in a report on Tuesday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Adyen has a consensus rating of “Moderate Buy”.

Adyen Price Performance

The business’s fifty day moving average price is $10.90 and its two-hundred day moving average price is $10.56.

Adyen Company Profile

Adyen N.V. is a Netherlands-based financial technology company that provides a global payments platform for businesses. Founded in Amsterdam in 2006 by Pieter van der Does and Ingo Uytdehaage, the company enables merchants to accept and process payments through a single technology platform.

Adyen’s services support online, mobile and in-person transactions, with access to payment methods, card acquiring and local payment infrastructure in markets around the world. Its platform also includes tools for payment optimization, fraud prevention, risk management and transaction data analysis.

In addition to payment processing, Adyen offers embedded financial products such as issuing and business accounts, allowing companies to create payment cards and provide financial services to their users or employees.