Nexi (OTCMKTS:NEXXY) Trading Up 9.5% – What’s Next?

Nexi S.p.A. (OTCMKTS:NEXXY)’s stock price shot up 9.5% during mid-day trading on Monday . The company traded as high as $3.6268 and last traded at $3.5250. 9,302 shares were traded during trading, an increase of 228% from the average session volume of 2,838 shares. The stock had previously closed at $3.22.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NEXXY. Citigroup reissued a “buy” rating on shares of Nexi in a report on Tuesday, December 16th. Morgan Stanley reiterated an “underweight” rating on shares of Nexi in a research report on Friday, January 9th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Nexi Stock Up 15.8%

The stock’s fifty day simple moving average is $4.15 and its 200-day simple moving average is $4.84.

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.