JD Sports Fashion (OTCMKTS:JDSPY) Sees Unusually-High Trading Volume – Still a Buy?

Shares of JD Sports Fashion Plc (OTCMKTS:JDSPY) saw unusually-high trading volume on Monday . Approximately 27,598 shares were traded 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. Citigroup reiterated a “neutral” rating on shares of JD Sports Fashion in a report on Friday, August 21st. Zacks Research upgraded JD Sports Fashion to a “hold” rating in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of JD Sports Fashion in a research report on Tuesday, July 14th. Royal Bank Of Canada downgraded JD Sports Fashion from an “outperform” rating to a “sector perform” rating in a research note on Monday, August 3rd. Finally, BNP Paribas Exane raised JD Sports Fashion from a “neutral” rating to an “outperform” rating in a report on Friday, July 24th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, JD Sports Fashion presently has a consensus rating of “Hold”.

JD Sports Fashion Price Performance

The stock’s 50-day moving average price is $1.14 and its 200 day moving average price is $1.05. The company has a current ratio of 1.51, a quick ratio of 0.56 and a debt-to-equity ratio of 0.91.

About JD Sports Fashion

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.