Next (OTCMKTS:NXGPY) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• Next PLC shares experienced a 436% increase in trading volume, reaching approximately 6,698 shares on Wednesday, with the stock price rising from $79.90 to $81.70.
• The company announced a new dividend of $1.0009 per share, scheduled to be paid on August 18th, which marks an increase from a previous dividend of $0.85.
• Next has a solid financial position with key ratios including a debt-to-equity ratio of 0.79 and current ratio of 1.69, indicating financial stability.

Shares of Next PLC (OTCMKTS:NXGPY - Get Free Report) saw strong trading volume on Wednesday . 6,698 shares were traded during mid-day trading, an increase of 436% from the previous session's volume of 1,250 shares.The stock last traded at $81.70 and had previously closed at $79.90.

Next Trading Down 2.3%

The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.14 and a current ratio of 1.69. The stock's 50 day moving average is $84.43 and its 200-day moving average is $77.17.

Next Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, August 18th. Investors of record on Friday, July 4th will be issued a $1.0009 dividend. This represents a dividend yield of 164.0%. The ex-dividend date of this dividend is Thursday, July 3rd. This is a positive change from Next's previous dividend of $0.85.

Next Company Profile

NEXT plc engages in the retail of clothing, beauty, footwear, and home products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates through NEXT Retail; NEXT Online; NEXT Finance; Total Platform; Property Management; and Franchise, Sourcing, and other segments.