Adyen (OTCMKTS:ADYEY) Shares Down 2.2% – What’s Next?

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEYGet Free Report)’s share price traded down 2.2% during mid-day trading on Wednesday . The stock traded as low as $15.48 and last traded at $15.48. 699,229 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 718,948 shares. The stock had previously closed at $15.83.

Analysts Set New Price Targets

Several analysts recently commented on ADYEY shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of Adyen in a research note on Wednesday, October 29th. Wells Fargo & Company assumed coverage on Adyen in a report on Tuesday, October 21st. They set an “overweight” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Get Our Latest Stock Report on ADYEY

Adyen Stock Down 2.2%

The stock has a fifty day moving average of $16.20 and a 200-day moving average of $17.00.

About Adyen

(Get Free Report)

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.

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