Nexi (OTCMKTS:NEXXY) Shares Down 7% – Here’s Why

Nexi S.p.A. (OTCMKTS:NEXXY)’s stock price was down 7% during trading on Thursday . The company traded as low as $4.65 and last traded at $4.65. Approximately 500 shares changed hands during trading, a decline of 93% from the average daily volume of 6,676 shares. The stock had previously closed at $5.00.

Analyst Ratings Changes

Separately, Citigroup reissued a “neutral” rating on shares of Nexi in a research note on Wednesday, August 12th. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Nexi currently has a consensus rating of “Reduce”.

Nexi Stock Down 7.0%

The stock’s 50 day moving average is $4.73 and its two-hundred day moving average is $4.25.

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.