J Sainsbury (OTCMKTS:JSAIY) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

J Sainsbury plc (OTCMKTS:JSAIY) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $12.81 and traded as high as $14.17. J Sainsbury shares last traded at $14.09, with a volume of 52,755 shares changing hands.

Wall Street Analyst Weigh In

JSAIY has been the topic of a number of recent research reports. BNP Paribas cut J Sainsbury from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 1st. Hsbc Global Res raised J Sainsbury from a “hold” rating to a “strong-buy” rating in a report on Friday, March 21st. One investment analyst has rated the stock with a hold rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.

J Sainsbury Stock Performance

The company has a current ratio of 0.74, a quick ratio of 0.57 and a debt-to-equity ratio of 0.17. The firm’s fifty day moving average is $12.81 and its two-hundred day moving average is $13.34.

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.