Next (OTCMKTS:NXGPY) Stock Passes Below 200-Day Moving Average – Here’s Why

Next PLC (OTCMKTS:NXGPY) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $90.86 and traded as low as $90.20. Next shares last traded at $90.20, with a volume of 342 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of Next from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Next Stock Performance

The company has a fifty day moving average price of $88.14 and a two-hundred day moving average price of $90.86. The company has a current ratio of 1.76, a quick ratio of 1.15 and a debt-to-equity ratio of 0.80.

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.