Nexi (OTCMKTS:NEXXY) Stock Price Down 7% – Here’s What Happened

Nexi S.p.A. (OTCMKTS:NEXXY)’s share price traded down 7% on Thursday . The company traded as low as $4.65 and last traded at $4.65. 500 shares changed hands during trading, a decline of 93% from the average daily volume of 6,676 shares. The stock had previously closed at $5.00.

Analyst Ratings Changes

Separately, Citigroup reaffirmed a “neutral” rating on shares of Nexi in a research report on Wednesday, August 12th. Five research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

Nexi Stock Down 7.0%

The firm has a 50 day simple moving average of $4.73 and a 200-day simple moving average of $4.25.

Nexi Company Profile

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.