Adyen (OTCMKTS:ADYEY) Trading Down 0.9% – Here’s Why

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) dropped 0.9% during trading on Friday . The company traded as low as $16.83 and last traded at $16.89. Approximately 319,749 shares traded hands during trading, a decline of 75% from the average daily volume of 1,292,165 shares. The stock had previously closed at $17.04.

Analysts Set New Price Targets

ADYEY has been the topic of a number of research analyst reports. Monness Crespi & Hardt restated a “buy” rating on shares of Adyen in a research report on Friday, August 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Adyen in a research note on Friday, August 15th. Finally, Wolfe Research downgraded Adyen from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Adyen Price Performance

The business’s 50-day moving average price is $16.61 and its two-hundred day moving average price is $17.11.

About Adyen

Adyen N.V. operates a payments platform in Europe, the Middle East, Africa, North America, the Asia Pacific, Latin America. The company's platform integrates payments stack that include gateway, risk management, processing, issuing, acquiring, and settlement services. It offers a back-end infrastructure for authorizing.