Adyen (OTCMKTS:ADYEY) Upgraded at Monness Crespi & Hardt

Monness Crespi & Hardt upgraded shares of Adyen (OTCMKTS:ADYEY) from a hold rating to a strong-buy rating in a report issued on Tuesday morning,Zacks.com reports.

Several other analysts have also recently weighed in on ADYEY. Morgan Stanley reaffirmed an “overweight” rating on shares of Adyen in a research note on Friday, March 7th. Evercore ISI upgraded Adyen to a “strong-buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Strong Buy”.

Adyen Stock Down 4.8 %

Shares of OTCMKTS ADYEY traded down $0.77 during midday trading on Tuesday, reaching $15.24. 1,105,200 shares of the company traded hands, compared to its average volume of 665,937. Adyen has a 12 month low of $10.78 and a 12 month high of $19.39. The stock’s 50-day simple moving average is $16.64 and its 200-day simple moving average is $15.54.

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.