J Sainsbury (OTCMKTS:JSAIY) Stock Passes Below 50-Day Moving Average – What’s Next?

J Sainsbury plc (OTCMKTS:JSAIY) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $12.95 and traded as low as $12.29. J Sainsbury shares last traded at $12.32, with a volume of 87,440 shares changing hands.

Wall Street Analyst Weigh In

Separately, Hsbc Global Res upgraded J Sainsbury from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 21st. Four equities research analysts have rated the stock with a strong buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

J Sainsbury Stock Down 0.1 %

The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.74. The stock’s 50 day moving average is $12.95 and its two-hundred day moving average is $13.80.

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.