Next (OTCMKTS:NXGPY) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Next PLC (OTCMKTS:NXGPY) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $92.06 and traded as low as $90.4350. Next shares last traded at $90.4350, with a volume of 427 shares changing hands.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group cut shares of Next from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Zacks Research raised shares of Next from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Next Price Performance

The business’s fifty day moving average is $92.06 and its 200-day moving average is $88.90. The company has a quick ratio of 1.16, a current ratio of 1.74 and a debt-to-equity ratio of 0.85.

Next Company Profile

Next is a UK-based retail group best known for its clothing, footwear and homeware offerings sold through a combination of physical stores, online channels and catalog services. The company markets predominantly its own-label fashion and lifestyle ranges across women’s, men’s and children’s apparel, together with footwear, accessories and home products. Its multi-channel model aims to integrate in-store merchandising with e-commerce and direct-to-consumer catalogue sales to reach a broad customer base.

Operations combine a network of domestic stores in the UK with international presence delivered largely through franchise and partner arrangements, plus a global e-commerce platform that ships to multiple markets.