JD Sports Fashion (OTCMKTS:JDSPY) Sees Large Volume Increase – Here’s What Happened

JD Sports Fashion Plc (OTCMKTS:JDSPY) shares saw unusually-strong trading volume on Monday . 27,598 shares changed hands during trading, an increase of 132% from the previous session’s volume of 11,908 shares.The stock last traded at $0.9738 and had previously closed at $1.02.

Wall Street Analysts Forecast Growth

JDSPY has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of JD Sports Fashion in a research report on Tuesday, July 14th. BNP Paribas Exane upgraded JD Sports Fashion from a “neutral” rating to an “outperform” rating in a report on Friday, July 24th. Barclays upgraded shares of JD Sports Fashion to a “hold” rating in a report on Wednesday, September 2nd. Zacks Research upgraded shares of JD Sports Fashion to a “hold” rating in a research report on Friday, May 22nd. Finally, Citigroup reissued a “neutral” rating on shares of JD Sports Fashion in a research note on Friday, August 21st. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

JD Sports Fashion Trading Down 4.5%

The company’s 50 day moving average price is $1.14 and its 200 day moving average price is $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 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.