Nexi (OTCMKTS:NEXXY) Shares Down 4.9% – Here’s What Happened

Nexi S.p.A. (OTCMKTS:NEXXY)’s stock price fell 4.9% during mid-day trading on Thursday . The stock traded as low as $3.90 and last traded at $3.90. 501 shares were traded during mid-day trading, a decline of 94% from the average session volume of 7,720 shares. The stock had previously closed at $4.10.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NEXXY. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Nexi in a research note on Monday, May 11th. The Goldman Sachs Group downgraded shares of Nexi to a “neutral” rating in a research note on Monday, April 13th. Jefferies Financial Group reiterated a “hold” rating on shares of Nexi in a research note on Wednesday, April 29th. Finally, Citigroup reiterated a “neutral” rating on shares of Nexi in a research note on Thursday, May 28th. Five equities research 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, Nexi currently has a consensus rating of “Reduce”.

Nexi Trading Down 4.9%

The company’s 50-day simple moving average is $4.19 and its 200-day simple moving average is $4.21.

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.