Next (OTCMKTS:NXGPY) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Next PLC (OTCMKTS:NXGPY) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $92.06 and traded as low as $90.4350. Next shares last traded at $90.4350, with a volume of 427 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have commented on NXGPY. Jefferies Financial Group downgraded Next from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Zacks Research upgraded Next from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy”.

Next Stock Up 3.4%

The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.16 and a current ratio of 1.74. The business’s 50 day moving average is $92.06 and its two-hundred day moving average is $88.90.

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.