Nexi (OTCMKTS:NEXXY) Stock Price Up 2% – Here’s What Happened

Nexi S.p.A. (OTCMKTS:NEXXY) shares rose 2% on Friday . The company traded as high as $4.01 and last traded at $4.01. Approximately 973 shares were traded during trading, a decline of 87% from the average daily volume of 7,536 shares. The stock had previously closed at $3.93.

Analyst Ratings Changes

A number of brokerages have issued reports on NEXXY. Jefferies Financial Group reaffirmed a “hold” rating on shares of Nexi in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Nexi in a research report on Monday, May 11th. Citigroup reissued a “neutral” rating on shares of Nexi in a research note on Thursday, May 28th. Finally, The Goldman Sachs Group lowered Nexi to a “neutral” rating in a research report on Monday, April 13th. Five investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce”.

Nexi Stock Up 2.0%

The business has a 50 day simple moving average of $4.21 and a 200-day simple moving average of $4.15.

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.