J Sainsbury (OTCMKTS:JSAIY) Share Price Crosses Below 200 Day Moving Average – What’s Next?

J Sainsbury plc (OTCMKTS:JSAIY) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.19 and traded as low as $13.19. J Sainsbury shares last traded at $13.19, with a volume of 26,913 shares trading hands.

Analysts Set New Price Targets

JSAIY has been the topic of a number of recent research reports. Hsbc Global Res downgraded shares of J Sainsbury from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 31st. Royal Bank of Canada upgraded shares of J Sainsbury to a “moderate buy” rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, J Sainsbury currently has a consensus rating of “Strong Buy”.

J Sainsbury Price Performance

The company has a quick ratio of 0.57, a current ratio of 0.74 and a debt-to-equity ratio of 0.17. The company’s 50 day simple moving average is $13.45 and its two-hundred day simple moving average is $14.19.

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.