J Sainsbury (OTCMKTS:JSAIY) Share Price Crosses Below 200 Day Moving Average – What’s Next?

J Sainsbury plc (OTCMKTS:JSAIY)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.19 and traded as low as $13.19. J Sainsbury shares last traded at $13.19, with a volume of 26,913 shares.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Royal Bank of Canada upgraded shares of J Sainsbury to a “moderate buy” rating in a report on Tuesday, November 19th. Hsbc Global Res lowered shares of J Sainsbury from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a hold rating and three have given a strong buy rating to the stock. According to MarketBeat, J Sainsbury currently has a consensus rating of “Strong Buy”.

J Sainsbury Stock Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 0.74 and a quick ratio of 0.57. The stock’s 50-day moving average is $13.45 and its two-hundred day moving average is $14.19.

About J Sainsbury

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom and the Republic of Ireland. It operates through three segments: Retail Food, Retail General Merchandise and Clothing, and Financial Services.