Adyen (OTCMKTS:ADYEY) Shares Gap Down – Here’s What Happened

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $12.25, but opened at $11.76. Adyen shares last traded at $11.68, with a volume of 200,692 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ADYEY shares. Monness Crespi & Hardt reiterated a “buy” rating on shares of Adyen in a research report on Wednesday, May 6th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Adyen in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Adyen in a report on Friday. BNP Paribas Exane downgraded Adyen to a “neutral” rating in a research note on Monday, June 1st. Finally, BMO Capital Markets restated an “outperform” rating on shares of Adyen in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Adyen Stock Down 2.4%

The company’s fifty day simple moving average is $9.89 and its two-hundred day simple moving average is $10.75.

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.