Nayax (NASDAQ:NYAX) Shares Gap Up to $22.64

Shares of Nayax Ltd. (NASDAQ:NYAX) gapped up before the market opened on Thursday . The stock had previously closed at $22.64, but opened at $24.15. Nayax shares last traded at $24.15, with a volume of 170 shares trading hands.

Nayax Trading Up 3.2 %

The company has a quick ratio of 1.02, a current ratio of 1.18 and a debt-to-equity ratio of 0.10. The firm’s 50 day simple moving average is $21.25 and its two-hundred day simple moving average is $19.26. The stock has a market cap of $767.70 million and a P/E ratio of -28.50.

Institutional Trading of Nayax

Several institutional investors have recently added to or reduced their stakes in NYAX. Franklin Resources Inc. bought a new stake in Nayax during the first quarter valued at $11,667,000. Ibex Investors LLC boosted its holdings in shares of Nayax by 353.8% during the second quarter. Ibex Investors LLC now owns 302,140 shares of the company’s stock valued at $5,709,000 after acquiring an additional 235,562 shares during the period. ARK Investment Management LLC acquired a new position in shares of Nayax during the first quarter valued at $1,692,000. Vanguard Group Inc. acquired a new position in shares of Nayax during the third quarter valued at $1,107,000. Finally, UBS Group AG acquired a new position in shares of Nayax during the third quarter valued at $1,072,000. Institutional investors own 6.16% of the company’s stock.

Nayax Company Profile

Nayax Ltd., a fintech company, operates system and payment platform for multiple retailers in the United States, Europe, the United Kingdom, Australia, Israel, and rest of the world. The company offers AMIT 3.0, a machine-to-machine vending telemetry solution; Nayax Core, a management and monitoring software for vending machines and other unattended machines; MoMa, a mobile app for unattended machine; Tigapo back-office software suite, a cloud-based platform; EV Meter Core, a smart, cloud-based management platform; Retail Management Cloud, a comprehensive attended retail management platform; Loyalty and Marketing Suite, a consumer engagement marketing and loyalty platform; Monyx Wallet, a digital wallet app enabling cashless payments with mobile phones; Weezmo, a consumer engagement and marketing platform; and Tigapo app, a proprietary mobile app to help family entertainment center businesses.