Next (OTCMKTS:NXGPY) Shares Gap Down – Here’s Why

Next PLC (OTCMKTS:NXGPY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $101.25, but opened at $91.45. Next shares last traded at $91.45, with a volume of 116 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Jefferies Financial Group cut Next from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Zacks Research upgraded Next from a “hold” rating to a “strong-buy” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently 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 stock has a fifty day moving average of $93.33 and a two-hundred day moving average of $87.46.

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.