Next (OTCMKTS:NXGPY) Stock Passes Below 50 Day Moving Average – Should You Sell?

Next PLC (OTCMKTS:NXGPY) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $93.25 and traded as low as $91.8585. Next shares last traded at $93.99, with a volume of 373 shares.

Analyst Ratings Changes

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

Next Price Performance

The company has a quick ratio of 1.16, a current ratio of 1.74 and a debt-to-equity ratio of 0.85. The business’s fifty day moving average is $93.25 and its two-hundred day moving average is $87.95.

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.