Nexi (OTCMKTS:NEXXY) Stock Price Down 3.2% – What’s Next?

Nexi S.p.A. (OTCMKTS:NEXXY)’s stock price was down 3.2% on Thursday . The stock traded as low as $3.90 and last traded at $3.90. Approximately 2,811 shares were traded during trading, an increase of 158% from the average daily volume of 1,089 shares. The stock had previously closed at $4.03.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NEXXY. Citigroup reissued a “buy” rating on shares of Nexi in a research report on Tuesday, December 16th. Morgan Stanley reiterated an “underweight” rating on shares of Nexi in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Nexi presently has an average rating of “Hold”.

Nexi Stock Down 3.2%

The business has a fifty day moving average of $4.52 and a 200 day moving average of $5.17.

About Nexi

Nexi S.p.A. (OTCMKTS:NEXXY) is a European PayTech company specializing in digital payment solutions for merchants, banks and public administrations. The company provides end-to-end processing services for card payments, point-of-sale terminals, e-commerce gateways and mobile wallet applications. Nexi’s platform integrates acquiring and issuing capabilities, enabling businesses to accept and manage a wide range of payment methods, including contactless, chip and PIN, and tokenized transactions.

Founded in 2017 through the merger of Italy’s Istituto Centrale delle Banche Popolari Italiane (ICBPI) and CartaSi, Nexi embarked on a strategy to consolidate payment services across Europe.