Nixxy (NASDAQ:NIXX) Shares Down 0.8% – Here’s What Happened

Nixxy, Inc. (NASDAQ:NIXX) shares traded down 0.8% during trading on Friday . The company traded as low as $0.96 and last traded at $0.9810. 524,556 shares changed hands during trading, an increase of 22% from the average session volume of 430,282 shares. The stock had previously closed at $0.9887.

Analyst Ratings Changes

Several research firms recently weighed in on NIXX. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Nixxy in a report on Monday, December 22nd. Wall Street Zen lowered shares of Nixxy from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Nixxy Price Performance

The business has a fifty day moving average of $1.04 and a 200-day moving average of $1.47. The stock has a market capitalization of $24.41 million, a price-to-earnings ratio of -1.92 and a beta of 1.20.

Institutional Trading of Nixxy

A hedge fund recently bought a new stake in Nixxy stock. XTX Topco Ltd bought a new position in shares of Nixxy, Inc. (NASDAQ:NIXX) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 34,954 shares of the company’s stock, valued at approximately $73,000. XTX Topco Ltd owned approximately 0.17% of Nixxy as of its most recent filing with the Securities and Exchange Commission (SEC). 13.14% of the stock is currently owned by institutional investors and hedge funds.

About Nixxy

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.