J. Sainsbury (OTCMKTS:JSAIY) Sees Strong Trading Volume – Here’s What Happened

Shares of J. Sainsbury PLC (OTCMKTS:JSAIY) saw unusually-high trading volume on Wednesday . Approximately 103,760 shares traded hands during mid-day trading, an increase of 152% from the previous session’s volume of 41,236 shares.The stock last traded at $18.08 and had previously closed at $18.11.

Analyst Ratings Changes

Several brokerages recently weighed in on JSAIY. Deutsche Bank Aktiengesellschaft raised J. Sainsbury to a “buy” rating in a research note on Wednesday, December 10th. Citigroup upgraded shares of J. Sainsbury to a “strong-buy” rating in a research report on Friday, January 9th. Zacks Research upgraded shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th. Jefferies Financial Group reaffirmed a “hold” rating on shares of J. Sainsbury in a research note on Sunday, December 14th. Finally, Kepler Capital Markets upgraded shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

J. Sainsbury Price Performance

The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.31 and a current ratio of 0.62. The firm has a 50 day moving average price of $18.52 and a two-hundred day moving average price of $18.07.

J. Sainsbury Company Profile

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.