Next (OTCMKTS:NXGPY) Shares Gap Down – Should You Sell?
by Jessica Moore · The Cerbat GemNext PLC (OTCMKTS:NXGPY – Get Free Report)’s share price gapped down prior to trading on Friday . The stock had previously closed at $88.30, but opened at $82.05. Next shares last traded at $83.59, with a volume of 552 shares changing hands.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the stock. Zacks Research downgraded shares of Next from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Jefferies Financial Group downgraded shares of Next from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Next presently has a consensus rating of “Hold”.
View Our Latest Stock Analysis on NXGPY
Next Price Performance
The company has a debt-to-equity ratio of 0.85, a current ratio of 1.74 and a quick ratio of 1.16. The firm’s 50-day moving average price is $90.63 and its two-hundred day moving average price is $89.54.
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.