Next (OTCMKTS:NXGPY) Sees Unusually-High Trading Volume – Time to Buy?

Next PLC (OTCMKTS:NXGPY) shares saw strong trading volume on Friday . 362 shares were traded during trading, an increase of 45% from the previous session’s volume of 250 shares.The stock last traded at $92.79 and had previously closed at $101.25.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group downgraded shares of Next from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Zacks Research raised Next from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy”.

Next Trading Up 1.2%

The company has a current ratio of 1.74, a quick ratio of 1.16 and a debt-to-equity ratio of 0.85. The firm has a 50-day simple moving average of $93.19 and a two-hundred day simple moving average of $87.54.

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.