J. Sainsbury (OTCMKTS:JSAIY) Sees Large Volume Increase – Still a Buy?

Shares of J. Sainsbury PLC (OTCMKTS:JSAIY) saw unusually-strong trading volume on Thursday . Approximately 75,698 shares traded hands during mid-day trading, an increase of 29% from the previous session’s volume of 58,495 shares.The stock last traded at $19.08 and had previously closed at $19.21.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. The Goldman Sachs Group raised shares of J. Sainsbury from a “sell” rating to a “hold” rating in a report on Monday. Zacks Research raised shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of J. Sainsbury in a research report on Tuesday. Finally, Citigroup downgraded shares of J. Sainsbury from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, J. Sainsbury presently has a consensus rating of “Hold”.

J. Sainsbury Stock Down 1.0%

The company’s 50 day moving average price is $17.65 and its 200-day moving average price is $18.06. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.24 and a current ratio of 0.56.

About J. Sainsbury

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.