Nexi S.p.A. (OTCMKTS:NEXXY) Receives Average Recommendation of “Reduce” from Brokerages

Nexi S.p.A. (OTCMKTS:NEXXY) has received a consensus rating of “Reduce” from the six brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and five have issued a hold rating on the company.

Separately, Citigroup reiterated a “neutral” rating on shares of Nexi in a report on Wednesday, August 12th.

Nexi Stock Performance

NEXXY opened at $4.76 on Friday. The stock has a 50-day moving average of $4.79 and a 200-day moving average of $4.28. Nexi has a 52-week low of $3.00 and a 52-week high of $5.85.

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.