Nayax (NASDAQ:NYAX) Shares Gap Down to $25.70

Nayax Ltd. (NASDAQ:NYAX) shares gapped down prior to trading on Thursday . The stock had previously closed at $25.70, but opened at $25.15. Nayax shares last traded at $25.15, with a volume of 201 shares.

Nayax Stock Performance

The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 0.19. The company has a fifty day moving average price of $26.32 and a two-hundred day moving average price of $22.56.

Nayax (NASDAQ:NYAX) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.04). Nayax had a negative return on equity of 15.96% and a negative net margin of 6.75%. The company had revenue of $66.60 million for the quarter, compared to analyst estimates of $67.50 million. As a group, analysts expect that Nayax Ltd. will post 0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nayax

Institutional investors have recently bought and sold shares of the company. Barclays PLC increased its holdings in shares of Nayax by 873.7% during the 2nd quarter. Barclays PLC now owns 1,480 shares of the company’s stock worth $28,000 after buying an additional 1,328 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in Nayax in the third quarter valued at $47,000. Citigroup Inc. lifted its stake in shares of Nayax by 1,334.9% in the 1st quarter. Citigroup Inc. now owns 5,625 shares of the company’s stock valued at $95,000 after purchasing an additional 5,233 shares during the last quarter. Credit Suisse AG purchased a new position in shares of Nayax during the 3rd quarter worth $123,000. Finally, UBS Group AG increased its position in shares of Nayax by 621.3% during the 3rd quarter. UBS Group AG now owns 6,355 shares of the company’s stock worth $155,000 after purchasing an additional 5,474 shares during the last quarter. 34.87% of the stock is owned by hedge funds and other institutional investors.

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 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.