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

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

Wall Street Analyst Weigh In

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

Nexi Stock Performance

The company has a 50-day moving average of $4.21 and a 200-day 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.