Adyen (OTCMKTS:ADYEY) Sets New 1-Year Low - Here's What Happened

Key Points

• Adyen's ADR hit a new 52-week low of $9.4950 in mid-day trading, with about 82,655 shares changing hands after a prior close of $9.96.
• Despite the drop, Wall Street remains broadly positive — MarketBeat shows a consensus Buy rating (three Strong Buy and seven Buy) after recent upgrades and coverage initiations.
• Technically the stock is trading below its key moving averages — the 50-day SMA at $11.95 and the 200-day SMA at $14.75 — and Adyen is a global end-to-end payments platform.

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $9.4950 and last traded at $9.4950, with a volume of 82655 shares changing hands. The stock had previously closed at $9.96.

Wall Street Analysts Forecast Growth

ADYEY has been the topic of several recent analyst reports. Cantor Fitzgerald began coverage on shares of Adyen in a research report on Monday, January 26th. They set an "overweight" rating on the stock. KeyCorp upgraded shares of Adyen to a "strong-buy" rating in a research report on Friday, January 23rd. Morgan Stanley restated an "overweight" rating on shares of Adyen in a report on Friday, January 9th. Finally, Wolfe Research raised shares of Adyen from a "hold" rating to an "outperform" rating in a research report on Thursday, January 8th. Three equities research analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company's stock. According to MarketBeat, Adyen currently has a consensus rating of "Buy".

Adyen Price Performance

The stock has a 50-day simple moving average of $11.95 and a 200-day simple moving average of $14.75.

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.

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