Nexi (OTCMKTS:NEXXY) Trading Down 8.5% – Time to Sell?

Shares of Nexi S.p.A. (OTCMKTS:NEXXYGet Free Report) fell 8.5% during mid-day trading on Monday . The company traded as low as $5.70 and last traded at $5.70. 5,144 shares traded hands during mid-day trading, an increase of 429% from the average session volume of 972 shares. The stock had previously closed at $6.23.

Nexi Stock Down 8.5 %

The company’s fifty day simple moving average is $6.54 and its 200 day simple moving average is $6.42.

About Nexi

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Nexi S.p.A. provides electronic money and payment services to banks, financial and insurance institutions, merchants, businesses, and public administration in Italy. The company offers acquiring services; configuration, activation, and maintenance of POS terminals; fraud prevention; and dispute management services, as well as customer support services.

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