J. Sainsbury (OTCMKTS:JSAIY) Stock Passes Above 50-Day Moving Average – What’s Next?

J. Sainsbury PLC (OTCMKTS:JSAIYGet Free Report)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $17.35 and traded as high as $19.19. J. Sainsbury shares last traded at $19.18, with a volume of 22,584 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have weighed in on JSAIY shares. The Goldman Sachs Group downgraded J. Sainsbury from a “strong-buy” rating to a “sell” rating in a report on Monday, April 27th. Citigroup downgraded shares of J. Sainsbury from a “buy” rating to a “neutral” rating in a report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of J. Sainsbury in a research report on Monday, April 13th. Finally, Zacks Research upgraded shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Check Out Our Latest Stock Analysis on JSAIY

J. Sainsbury Stock Performance

The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.24. The firm has a 50-day moving average of $17.44 and a 200-day moving average of $18.00.

About J. Sainsbury

(Get Free Report)

J. Sainsbury PLC, trading in the United States under the ticker OTCMKTS:JSAIY, is one of the United Kingdom’s leading grocery retailers. Through its primary Sainsbury’s supermarket banner and smaller convenience formats under the Sainsbury’s Local name, the company offers a wide range of food and household products. In addition to its core retail operations, Sainsbury’s extends into general merchandise and clothing under the TU brand, serving both in-store and through its established e-commerce platform.

Founded in 1869 by John James Sainsbury and his wife Mary Ann, Sainsbury’s has grown from a single dairy shop in London’s Drury Lane to a nationwide retail network.

Further Reading

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