J Sainsbury (LON:SBRY) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

J Sainsbury plc (LON:SBRY) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 272.53 ($3.41) and traded as low as GBX 269.40 ($3.37). J Sainsbury shares last traded at GBX 271.61 ($3.40), with a volume of 3,403,515 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “house stock” rating on shares of J Sainsbury in a research report on Friday, November 22nd.

J Sainsbury Trading Up 0.5 %

The company has a market capitalization of £6.37 billion, a P/E ratio of 4,560.00, a PEG ratio of 0.42 and a beta of 0.67. The company has a debt-to-equity ratio of 95.36, a quick ratio of 0.53 and a current ratio of 0.66. The stock has a fifty day moving average of GBX 265.01 and a 200 day moving average of GBX 272.46.

J Sainsbury Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, November 14th were given a GBX 3.90 ($0.05) dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a dividend yield of 1.46%. J Sainsbury’s payout ratio is currently 21,666.67%.

J Sainsbury Company Profile

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.