NEXT (LON:NXT) Share Price Passes Below 200 Day Moving Average – Here’s Why

NEXT plc (LON:NXT)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 9,853.76 ($124.89) and traded as low as GBX 9,830 ($124.59). NEXT shares last traded at GBX 9,934 ($125.91), with a volume of 118,601 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “hold” rating on shares of NEXT in a research report on Tuesday, January 7th.

NEXT Stock Performance

The company has a 50-day simple moving average of GBX 9,684.32 and a two-hundred day simple moving average of GBX 9,853.76. The company has a debt-to-equity ratio of 76.08, a quick ratio of 1.07 and a current ratio of 1.68. The firm has a market capitalization of £11.86 billion, a P/E ratio of 15.16, a PEG ratio of 5.66 and a beta of 1.37.

About NEXT

Founded as a tailoring business in Leeds in 1864 by Joseph Hepworth and Son, today, the company offers clothing, footwear, accessories, beauty and home products to our UK and International customers.

NEXT has over 500 stores in the United Kingdom and Eire, and over 180 franchise branches across Europe, Asia and the Middle East.