J Sainsbury (OTCMKTS:JSAIY) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

J Sainsbury plc (OTCMKTS:JSAIY) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $13.16 and traded as high as $13.56. J Sainsbury shares last traded at $13.49, with a volume of 20,223 shares trading hands.

Wall Street Analysts Forecast Growth

JSAIY has been the subject of a number of research analyst reports. Royal Bank of Canada upgraded J Sainsbury to a “moderate buy” rating in a research report on Tuesday, November 19th. Hsbc Global Res lowered shares of J Sainsbury from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a hold rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Strong Buy”.

J Sainsbury Stock Up 3.0 %

The business’s 50 day simple moving average is $13.15 and its 200 day simple moving average is $14.05. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.74.

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.