NEXT (LON:NXT) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

NEXT plc (LON:NXT)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 9,674.45 ($120.18) and traded as low as GBX 9,472 ($117.66). NEXT shares last traded at GBX 9,522 ($118.29), with a volume of 481,175 shares.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “not rated” rating on shares of NEXT in a research report on Thursday, September 19th.

NEXT Price Performance

The company has a debt-to-equity ratio of 125.90, a quick ratio of 1.07 and a current ratio of 1.68. The firm has a market capitalization of £11.37 billion, a P/E ratio of 1,449.32, a price-to-earnings-growth ratio of 5.66 and a beta of 1.37. The business has a fifty day moving average of GBX 9,830.31 and a 200-day moving average of GBX 9,674.45.

Insider Activity at NEXT

In related news, insider Jeremy Stakol sold 26,523 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of GBX 9,879 ($122.72), for a total transaction of £2,620,207.17 ($3,254,915.74). Company insiders own 6.69% of the company’s stock.

NEXT Company Profile

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.