Nayax (NASDAQ:NYAX) Shares Gap Up to $18.06

Nayax Ltd. (NASDAQ:NYAX – Get Rating)’s share price gapped up before the market opened on Friday . The stock had previously closed at $18.06, but opened at $19.03. Nayax shares last traded at $19.03, with a volume of 222 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group started coverage on Nayax in a research report on Friday, December 2nd. They set a “hold” rating on the stock.

Nayax Trading Down 3.1 %

The stock’s 50-day moving average is $20.03. The company has a quick ratio of 1.15, a current ratio of 1.37 and a debt-to-equity ratio of 0.14.

Institutional Trading of Nayax

A number of hedge funds have recently made changes to their positions in the stock. G2 Investment Partners Management LLC bought a new stake in shares of Nayax in the 4th quarter worth approximately $288,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Nayax by 79.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,816 shares of the company’s stock worth $129,000 after purchasing an additional 3,011 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Nayax in the 3rd quarter worth approximately $237,000. Vanguard Group Inc. bought a new position in Nayax in the 3rd quarter valued at approximately $1,107,000. Finally, Altshuler Shaham Ltd bought a new position in Nayax in the 3rd quarter valued at approximately $434,000. 3.76% of the stock is owned by institutional investors.

Nayax Company Profile

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Nayax Ltd., a fintech company, operates system and payment platform worldwide. The company offers VPOS TOUCH that provides contactless and contact payment options; VPOS FUSION, a cashless payment card reader; ONYX, a contactless card reader and telemetry device; AMIT 3.0, a M2M vending telemetry solution; NOVA 156, a points of sale(POS)-handheld smart POS terminal; NOVA 125,a combined dual interface product with a printer and a barcode scanner; NOVA 55, an android-based that enables clearing payments using swipe, contactless, and contact payment methods, as well as accepting alternative payment methods, such as digital wallets and tap on pay; and NOVA 45 and NOVA 40, a handheld mini smart terminals for attended POS.