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

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $8.93 and last traded at $8.96, with a volume of 79733 shares trading hands. The stock had previously closed at $9.03.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Loop Capital initiated coverage on shares of Adyen in a research note on Wednesday, July 15th. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Adyen in a research report on Thursday. BMO Capital Markets started coverage on shares of Adyen in a research note on Tuesday, April 21st. They issued an “outperform” rating for the company. BNP Paribas Exane cut shares of Adyen to a “neutral” rating in a research note on Monday, June 1st. Finally, Jefferies Financial Group restated a “buy” rating on shares of Adyen in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Adyen Price Performance

The business has a 50 day moving average price of $9.89 and a two-hundred day moving average price of $11.40.

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.