Adyen (OTCMKTS:ADYEY) Raised to Strong-Buy at Monness Crespi & Hardt

Adyen (OTCMKTS:ADYEY) was upgraded by analysts at Monness Crespi & Hardt from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. Evercore ISI raised shares of Adyen to a “strong-buy” rating in a research note on Tuesday. Morgan Stanley reiterated an “overweight” rating on shares of Adyen in a report on Friday, March 7th. One equities research analyst has rated the stock with a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Adyen Stock Down 4.8 %

Shares of ADYEY stock traded down $0.77 on Tuesday, reaching $15.24. The company had a trading volume of 1,105,200 shares, compared to its average volume of 665,937. The business’s 50-day moving average is $16.64 and its 200 day moving average is $15.54. Adyen has a one year low of $10.78 and a one year high of $19.39.

About Adyen

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.