Adyen (OTCMKTS:ADYEY) Sees Unusually-High Trading Volume After Analyst Upgrade

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) saw strong trading volume on Monday after KeyCorp upgraded the stock to a strong-buy rating. 891,638 shares changed hands during trading, a decline of 2% from the previous session’s volume of 910,499 shares.The stock last traded at $16.67 and had previously closed at $16.40.

ADYEY has been the subject of a number of other reports. Wolfe Research upgraded shares of Adyen from a “hold” rating to an “outperform” rating in a research report on Thursday, January 8th. Wells Fargo & Company started coverage on shares of Adyen in a research note on Tuesday, October 21st. They set an “overweight” rating for the company. Morgan Stanley reiterated an “overweight” rating on shares of Adyen in a report on Friday, January 9th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Adyen in a report on Wednesday, October 29th. Three investment analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to MarketBeat.com, Adyen presently has an average rating of “Buy”.

Adyen Trading Up 0.5%

The stock’s fifty day moving average price is $15.95 and its 200-day moving average price is $16.53.

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.