NEXT (LON:NXT) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of NEXT plc (LON:NXT) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 9,665.69 ($121.12) and traded as high as GBX 9,896 ($124.01). NEXT shares last traded at GBX 9,846 ($123.38), with a volume of 267,259 shares traded.

Wall Street Analyst Weigh In

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

NEXT Price Performance

The company has a debt-to-equity ratio of 125.90, a current ratio of 1.68 and a quick ratio of 1.07. The company’s 50 day moving average price is GBX 9,927.74 and its 200 day moving average price is GBX 9,665.69. The firm has a market capitalization of £11.75 billion, a P/E ratio of 1,498.63, a PEG ratio of 5.66 and a beta of 1.37.

Insider Activity

In other news, insider Jeremy Stakol sold 26,523 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of GBX 9,879 ($123.80), for a total value of £2,620,207.17 ($3,283,467.63). 6.69% of the stock is currently owned by insiders.

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.