JD Sports Fashion (OTCMKTS:JDSPY) Shares Gap Down – Time to Sell?

JD Sports Fashion Plc (OTCMKTS:JDSPY)’s share price gapped down before the market opened on Friday . The stock had previously closed at $1.06, but opened at $1.02. JD Sports Fashion shares last traded at $1.02, with a volume of 3,135 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on JDSPY. Royal Bank Of Canada lowered shares of JD Sports Fashion from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 3rd. Citigroup reissued a “neutral” rating on shares of JD Sports Fashion in a research report on Friday, August 21st. Barclays upgraded shares of JD Sports Fashion to a “hold” rating in a report on Wednesday, September 2nd. BNP Paribas Exane raised shares of JD Sports Fashion from a “neutral” rating to an “outperform” rating in a research report on Friday, July 24th. Finally, Zacks Research upgraded JD Sports Fashion to a “hold” rating in a report on Friday, May 22nd. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

JD Sports Fashion Stock Performance

The company has a 50 day simple moving average of $1.15 and a 200-day simple moving average of $1.05. The company has a current ratio of 1.51, a quick ratio of 0.56 and a debt-to-equity ratio of 0.91.

About JD Sports Fashion

JD Sports Fashion plc is a United Kingdom-based multichannel retailer specializing in sportswear, sneakers and athleisure apparel. Its product range includes footwear, clothing and accessories from major global sports brands, as well as selected private-label and exclusive products.

The company operates through a portfolio of retail banners that includes JD Sports, Size?, Finish Line, DTLR and other regionally focused brands. It serves customers through physical stores and e-commerce platforms, with operations across the United Kingdom and Europe, North America, Australia, New Zealand and selected markets in Asia-Pacific.

JD Sports was founded in 1981, when its first store opened in Bury, England.