Adyen (OTCMKTS:ADYEY) Sets New 1-Year Low – Should You Sell?

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) shares hit a new 52-week low on Saturday . The company traded as low as $9.28 and last traded at $9.40, with a volume of 2008333 shares changing hands. The stock had previously closed at $10.36.

Analyst Ratings Changes

ADYEY has been the topic of a number of research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Adyen in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Adyen in a report on Monday, April 27th. BNP Paribas Exane lowered shares of Adyen to a “neutral” rating in a report on Monday. Monness Crespi & Hardt reaffirmed a “buy” rating on shares of Adyen in a report on Wednesday, May 6th. Finally, BMO Capital Markets initiated coverage on shares of Adyen in a report on Tuesday, April 21st. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Adyen currently has a consensus rating of “Buy”.

Adyen Price Performance

The firm’s fifty day simple moving average is $10.67 and its 200 day simple moving average is $12.90.

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.