Adyen (OTCMKTS:ADYEY) Sees Unusually-High Trading Volume – Here’s Why

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) shares saw unusually-strong trading volume on Monday . Approximately 5,962,316 shares traded hands during trading, an increase of 239% from the previous session’s volume of 1,760,958 shares.The stock last traded at $10.69 and had previously closed at $11.07.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ADYEY shares. BMO Capital Markets started coverage on shares of Adyen in a report on Tuesday, April 21st. They set an “outperform” rating for the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of Adyen in a report on Monday, May 4th. Monness Crespi & Hardt reaffirmed a “buy” rating on shares of Adyen in a research report on Wednesday. Cantor Fitzgerald started coverage on shares of Adyen in a research report on Monday, January 26th. They set an “overweight” rating for the company. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Adyen in a research report on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. Based on data from MarketBeat.com, Adyen presently has a consensus rating of “Buy”.

Adyen Stock Performance

The stock has a 50-day moving average of $10.70 and a 200-day moving average of $13.78.

About Adyen

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.