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

Shares of J. Sainsbury PLC (OTCMKTS:JSAIY) gapped down prior to trading on Monday . The stock had previously closed at $18.20, but opened at $17.18. J. Sainsbury shares last traded at $17.15, with a volume of 5,337 shares.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Kepler Capital Markets lowered J. Sainsbury from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Zacks Research cut J. Sainsbury from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, J. Sainsbury has an average rating of “Hold”.

J. Sainsbury Stock Performance

The company’s 50 day moving average price is $18.12 and its two-hundred day moving average price is $16.72. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.57 and a current ratio of 0.74.

About J. Sainsbury

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.