JD Sports Fashion (OTCMKTS:JDSPY) Shares Gap Up – Here’s Why

JD Sports Fashion Plc (OTCMKTS:JDSPY) gapped up before the market opened on Monday . The stock had previously closed at $1.2196, but opened at $1.2750. JD Sports Fashion shares last traded at $1.32, with a volume of 204 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. BNP Paribas Exane raised JD Sports Fashion from a “neutral” rating to an “outperform” rating in a research note on Friday, July 24th. Zacks Research raised shares of JD Sports Fashion to a “hold” rating in a report on Friday, May 22nd. Royal Bank Of Canada cut shares of JD Sports Fashion from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of JD Sports Fashion in a report on Tuesday, July 14th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold”.

JD Sports Fashion Trading Up 3.8%

The company has a 50 day moving average price of $1.13 and a 200 day moving average price of $1.04. The company has a quick ratio of 0.56, a current ratio of 1.51 and a debt-to-equity ratio of 0.91.

JD Sports Fashion Company Profile

JD Sports Fashion plc (OTCMKTS: JDSPY) is a leading retailer specializing in sports-inspired fashion, footwear and accessories. Through its own retail locations and e-commerce platforms, the company offers a broad range of global and in-house brands, serving both lifestyle and performance segments. Its product portfolio spans athletic footwear, apparel and equipment from marquee names such as Nike, Adidas and The North Face, alongside private-label collections designed to meet evolving consumer tastes.

Founded in 1981 in Bury, Greater Manchester, JD Sports has grown from a single outlet into an international retail group.