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

Nexi S.p.A. (OTCMKTS:NEXXY) has earned a consensus rating of “Reduce” from the six analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating and five have issued a hold rating on the company.

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

Nexi Stock Performance

OTCMKTS NEXXY opened at $4.76 on Friday. The business has a 50 day moving average price of $4.78 and a 200-day moving average price 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.