J Sainsbury (OTCMKTS:JSAIY) Shares Pass Below Fifty Day Moving Average – Here’s Why

J Sainsbury plc (OTCMKTS:JSAIY)’s stock price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $13.05 and traded as low as $12.17. J Sainsbury shares last traded at $12.32, with a volume of 69,276 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on JSAIY shares. Hsbc Global Res downgraded shares of J Sainsbury from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. Royal Bank of Canada raised J Sainsbury to a “moderate buy” rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

J Sainsbury Trading Down 1.2 %

The company has a current ratio of 0.74, a quick ratio of 0.57 and a debt-to-equity ratio of 0.17. The firm’s fifty day simple moving average is $13.02 and its two-hundred day simple moving average is $13.92.

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.