J Sainsbury (OTCMKTS:JSAIY) Share Price Passes Below 50 Day Moving Average – Should You Sell?

J Sainsbury plc (OTCMKTS:JSAIY) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $13.50 and traded as low as $13.19. J Sainsbury shares last traded at $13.24, with a volume of 80,701 shares.

Wall Street Analysts Forecast Growth

JSAIY has been the topic of several research reports. BNP Paribas raised J Sainsbury to a “strong-buy” rating in a research report on Friday, October 18th. Hsbc Global Res lowered J Sainsbury from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada upgraded J Sainsbury to a “moderate buy” rating in a report on Tuesday, November 19th. One analyst has rated the stock with a hold rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently 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 has a 50 day moving average price of $13.50 and a two-hundred day moving average price of $14.25.

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.