J. Sainsbury (OTCMKTS:JSAIY) Shares Gap Down – Here’s What Happened

J. Sainsbury PLC (OTCMKTS:JSAIY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $19.0130, but opened at $18.34. J. Sainsbury shares last traded at $18.30, with a volume of 2,373 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on JSAIY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of J. Sainsbury in a research note on Tuesday, August 4th. The Goldman Sachs Group upgraded J. Sainsbury from a “sell” rating to a “hold” rating in a report on Monday, August 3rd. Zacks Research upgraded J. Sainsbury from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Citigroup reaffirmed a “neutral” rating on shares of J. Sainsbury in a research note on Friday. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold”.

J. Sainsbury Stock Down 1.9%

The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.24 and a current ratio of 0.56. The stock’s fifty day moving average price is $17.87 and its two-hundred day moving average price is $18.11.

About J. Sainsbury

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.