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

Next PLC (OTCMKTS:NXGPY)’s share price gapped down before the market opened 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 trading hands.

Analyst Upgrades and Downgrades

NXGPY has been the subject of a number of research reports. Jefferies Financial Group downgraded Next from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Zacks Research lowered shares of Next from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Next Stock Down 5.3%

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 business has a 50-day moving average of $90.63 and a 200-day moving average of $89.54.

About Next

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.