Nexi S.p.A. (OTCMKTS:NEXXY) Given Average Rating of “Reduce” by Brokerages

Shares of Nexi S.p.A. (OTCMKTS:NEXXY) have received an average rating of “Reduce” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating and five have given a hold rating to the company.

Several analysts have commented on NEXXY shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Nexi in a report on Monday, May 11th. Jefferies Financial Group restated a “hold” rating on shares of Nexi in a research report on Wednesday, April 29th. The Goldman Sachs Group downgraded shares of Nexi to a “neutral” rating in a report on Monday, April 13th. Finally, Citigroup reiterated a “neutral” rating on shares of Nexi in a research report on Thursday, May 28th.

Nexi Stock Performance

Shares of Nexi stock remained flat at $4.21 during trading hours on Tuesday. 25 shares of the company’s stock were exchanged, compared to its average volume of 7,361. The business has a 50 day simple moving average of $4.19 and a two-hundred day simple moving average of $4.13. Nexi has a 12-month low of $3.00 and a 12-month high of $6.74.

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.