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

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) saw unusually-high trading volume on Wednesday . Approximately 1,317,650 shares changed hands during mid-day trading, an increase of 69% from the previous session’s volume of 777,884 shares.The stock last traded at $16.15 and had previously closed at $16.07.

Analyst Upgrades and Downgrades

ADYEY has been the subject of a number of analyst reports. Monness Crespi & Hardt restated a “buy” rating on shares of Adyen in a research report on Friday, August 15th. Jefferies Financial Group reiterated a “buy” rating on shares of Adyen in a research report on Wednesday, October 29th. Wolfe Research lowered Adyen from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Adyen in a research report on Friday, August 15th. Finally, Wells Fargo & Company initiated coverage on Adyen in a research report on Tuesday, October 21st. They issued an “overweight” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Adyen currently has an average rating of “Buy”.

Adyen Stock Performance

The business has a 50 day simple moving average of $16.62 and a 200 day simple moving average of $17.40.

Adyen Company Profile

Adyen N.V. operates a payments platform in Europe, the Middle East, Africa, North America, the Asia Pacific, Latin America. The company's platform integrates payments stack that include gateway, risk management, processing, issuing, acquiring, and settlement services. It offers a back-end infrastructure for authorizing.