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

JD Sports Fashion Plc (OTCMKTS:JDSPY)’s stock price gapped up prior to trading on Wednesday. The stock had previously closed at $0.9951, but opened at $1.0715. JD Sports Fashion shares last traded at $1.0715, with a volume of 513 shares trading hands.

Wall Street Analysts Forecast Growth

JDSPY has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of JD Sports Fashion in a report on Tuesday, July 14th. Royal Bank Of Canada downgraded JD Sports Fashion from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 3rd. Barclays raised JD Sports Fashion to a “hold” rating in a research note on Wednesday, September 2nd. Citigroup reiterated a “neutral” rating on shares of JD Sports Fashion in a report on Wednesday, September 30th. Finally, BNP Paribas Exane upgraded shares of JD Sports Fashion from a “neutral” rating to an “outperform” rating in a report on Friday, July 24th. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

JD Sports Fashion Stock Down 0.8%

The firm has a 50-day moving average price of $1.10 and a 200 day moving average price of $1.05. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.56 and a current ratio of 1.51.

JD Sports Fashion Company Profile

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.