J. Sainsbury (OTCMKTS:JSAIY) Stock Crosses Below 50 Day Moving Average – Should You Sell?

J. Sainsbury PLC (OTCMKTS:JSAIY)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $18.07 and traded as low as $17.23. J. Sainsbury shares last traded at $17.33, with a volume of 13,994 shares changing hands.

Analyst Upgrades and Downgrades

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

J. Sainsbury Stock Performance

The company has a current ratio of 0.74, a quick ratio of 0.57 and a debt-to-equity ratio of 0.16. The business has a fifty day moving average price of $18.07 and a 200-day moving average price of $16.85.

J. Sainsbury Company Profile

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.