Adyen (OTCMKTS:ADYEY) Sets New 12-Month Low – Time to Sell?

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) reached a new 52-week low during trading on Friday . The company traded as low as $9.73 and last traded at $9.81, with a volume of 77970 shares trading hands. The stock had previously closed at $9.99.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ADYEY. Wolfe Research raised shares of Adyen from a “hold” rating to an “outperform” rating in a report on Thursday, January 8th. KeyCorp raised Adyen to a “strong-buy” rating in a report on Friday, January 23rd. Cantor Fitzgerald began coverage on Adyen in a research report on Monday, January 26th. They issued an “overweight” rating on the stock. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Adyen in a research note on Friday, January 9th. Three research analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy”.

Adyen Price Performance

The firm’s 50 day simple moving average is $12.33 and its 200-day simple moving average is $14.88.

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.