Next (OTCMKTS:NXGPY) Shares Gap Up – Still a Buy?

Next PLC (OTCMKTS:NXGPY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $83.45, but opened at $88.91. Next shares last traded at $88.91, with a volume of 124 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded Next from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Next has a consensus rating of “Hold”.

Next Trading Down 0.2%

The firm has a 50-day simple moving average of $87.68 and a 200-day simple moving average of $90.50. The company has a current ratio of 1.76, a quick ratio of 1.15 and a debt-to-equity ratio of 0.80.

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.