JD Sports Fashion (OTCMKTS:JDSPY) Shares Gap Up – Should You Buy?

JD Sports Fashion Plc (OTCMKTS:JDSPY) gapped up prior to trading on Tuesday. The stock had previously closed at $1.08, but opened at $1.14. JD Sports Fashion shares last traded at $1.14, with a volume of 856 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on JDSPY. Royal Bank Of Canada cut shares of JD Sports Fashion from an “outperform” rating to a “sector perform” rating in a report on Monday, August 3rd. Barclays raised JD Sports Fashion to a “hold” rating in a report on Wednesday, September 2nd. Citigroup reiterated a “neutral” rating on shares of JD Sports Fashion in a research report on Wednesday, September 30th. BNP Paribas Exane upgraded JD Sports Fashion from a “neutral” rating to an “outperform” rating in a research report on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of JD Sports Fashion in a research note on Tuesday, July 14th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

JD Sports Fashion Stock Performance

The company has a fifty day simple moving average of $1.09 and a 200-day simple moving average of $1.06. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.51 and a current ratio of 1.51.

About JD Sports Fashion

JD Sports Fashion plc is a United Kingdom-based multichannel retailer specializing in sports-inspired footwear, apparel and accessories. The company sells products from leading athletic and lifestyle brands, including Nike, adidas and other international labels, alongside merchandise from its own and exclusive brands.

The company operates through a portfolio of retail banners that includes JD Sports, Size?, Finish Line, DTLR and Hibbett. Its operations span physical stores and e-commerce platforms, serving customers across the United Kingdom, Europe, North America, Asia-Pacific and other international markets.

JD Sports was founded in 1981 in Bury, England, by John Wardle and David Makin.