J Sainsbury (OTCMKTS:JSAIY) Shares Cross Below Fifty Day Moving Average – Time to Sell?

J Sainsbury plc (OTCMKTS:JSAIY)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $12.95 and traded as low as $12.29. J Sainsbury shares last traded at $12.32, with a volume of 87,440 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Hsbc Global Res raised J Sainsbury from a “hold” rating to a “strong-buy” rating in a report on Friday, March 21st. Four research analysts have rated the stock with a strong buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

J Sainsbury Stock 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 $12.95 and its 200 day simple moving average is $13.80.

About J Sainsbury

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.