Nixxy (NASDAQ:NIXX) Cut to “Sell” at Wall Street Zen

Nixxy (NASDAQ:NIXX) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Sunday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Nixxy in a research note on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Nixxy Stock Performance

Shares of NASDAQ:NIXX opened at $0.72 on Friday. Nixxy has a 52-week low of $0.66 and a 52-week high of $2.92. The business’s 50 day simple moving average is $1.02 and its two-hundred day simple moving average is $1.42. The firm has a market cap of $17.96 million, a P/E ratio of -1.42 and a beta of 1.20.

Institutional Trading of Nixxy

An institutional investor recently bought a new position in Nixxy stock. XTX Topco Ltd purchased a new position in Nixxy, Inc. (NASDAQ:NIXX) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 34,954 shares of the company’s stock, valued at approximately $73,000. XTX Topco Ltd owned approximately 0.17% of Nixxy at the end of the most recent reporting period. 13.14% of the stock is owned by institutional investors and hedge funds.

Nixxy Company Profile

Nixxy Inc operates an on-demand recruiting platform which aims to deliver the right talent to both small and large businesses. It provides employers access to independent recruiters and utilizes an innovative web platform, with integrated AI-driven candidate to job matching and video screening software to source qualified talent. Nixxy Inc, formerly known as Recruiter.com Group Inc, is based in Bristol, CT.