J. Sainsbury (OTCMKTS:JSAIY) Sees Strong Trading Volume – Still a Buy?

J. Sainsbury PLC (OTCMKTS:JSAIY) saw strong trading volume on Thursday . 63,015 shares changed hands during trading, an increase of 49% from the previous session’s volume of 42,271 shares.The stock last traded at $18.29 and had previously closed at $19.25.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on JSAIY. Citigroup raised shares of J. Sainsbury to a “strong-buy” rating in a report on Friday, January 9th. Zacks Research raised shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a report on Friday, March 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of J. Sainsbury in a research report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

J. Sainsbury Trading Down 4.2%

The company has a debt-to-equity ratio of 0.16, a current ratio of 0.62 and a quick ratio of 0.31. The company’s 50-day moving average is $18.89 and its two-hundred day moving average is $18.22.

J. Sainsbury Company Profile

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.