Nexi (OTCMKTS:NEXXY) Stock Price Up 9.5% – Still a Buy?

Nexi S.p.A. (OTCMKTS:NEXXY) shares shot up 9.5% during trading on Monday . The stock traded as high as $3.6268 and last traded at $3.5250. 9,302 shares traded hands 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 Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Citigroup reaffirmed a “buy” rating on shares of Nexi in a report on Tuesday, December 16th. Morgan Stanley reissued an “underweight” rating on shares of Nexi in a report on Friday, January 9th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Nexi has an average rating of “Hold”.

Nexi Trading Up 9.5%

The business has a 50-day moving average of $4.19 and a two-hundred day moving average of $4.86.

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.