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

Next PLC (OTCMKTS:NXGPY)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $93.24, but opened at $100.11. Next shares last traded at $100.11, with a volume of 465 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research cut 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 Price Performance

The company has a current ratio of 1.76, a quick ratio of 1.15 and a debt-to-equity ratio of 0.80. The stock’s 50-day moving average price is $90.31 and its 200 day moving average price is $90.28.

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.