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

Shares of Nexi S.p.A. (OTCMKTS:NEXXY) have been given a consensus recommendation of “Reduce” by the six ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company.

NEXXY has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Nexi in a report on Monday. Jefferies Financial Group restated a “hold” rating on shares of Nexi in a report on Wednesday, April 29th. Citigroup downgraded shares of Nexi from a “buy” rating to a “neutral” rating in a report on Tuesday, April 14th. Finally, The Goldman Sachs Group lowered shares of Nexi to a “neutral” rating in a report on Monday, April 13th.

Nexi Stock Performance

Shares of Nexi stock traded up $0.45 during trading hours on Monday, reaching $5.30. The company’s stock had a trading volume of 120 shares, compared to its average volume of 8,697. The firm has a 50 day moving average price of $3.90 and a 200-day moving average price of $4.34. Nexi has a one year low of $3.00 and a one year 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.