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

Nexi S.p.A. (OTCMKTS:NEXXY) has received an average rating of “Reduce” from the six research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company.

Separately, Citigroup reaffirmed a “neutral” rating on shares of Nexi in a report on Wednesday, August 12th.

Nexi Price Performance

NEXXY opened at $4.65 on Friday. Nexi has a 12-month low of $3.00 and a 12-month high of $5.85. The firm has a 50 day moving average of $4.74 and a two-hundred day moving average of $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.