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

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

A number of brokerages recently weighed in on NEXXY. Citigroup lowered shares of Nexi from a “buy” rating to a “neutral” rating in a report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Nexi in a report on Monday. The Goldman Sachs Group lowered shares of Nexi to a “neutral” rating in a report on Monday, April 13th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Nexi in a report on Wednesday, April 29th.

Nexi Price Performance

Shares of Nexi stock traded up $0.45 during trading on Monday, hitting $5.30. The stock had a trading volume of 120 shares, compared to its average volume of 8,697. The firm’s fifty day simple moving average is $3.90 and its 200-day simple moving average is $4.34. Nexi has a 12 month low of $3.00 and a 12 month high of $6.74.

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.