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

NEXT plc (LON:NXT) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 9,726.79 ($120.80) and traded as low as GBX 9,560 ($118.73). NEXT shares last traded at GBX 9,776 ($121.41), with a volume of 192,663 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “hold” rating on shares of NEXT in a research note on Tuesday, January 7th.

NEXT Stock Performance

The company has a market capitalization of £11.67 billion, a P/E ratio of 1,487.98, a price-to-earnings-growth ratio of 5.66 and a beta of 1.37. The business has a 50 day moving average of GBX 9,670.09 and a 200 day moving average of GBX 9,726.79. The company has a quick ratio of 1.07, a current ratio of 1.68 and a debt-to-equity ratio of 125.90.

About NEXT

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.