J. Sainsbury (OTCMKTS:JSAIY) Reaches New 1-Year High – Here’s Why

J. Sainsbury PLC (OTCMKTS:JSAIY)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $18.55 and last traded at $18.44, with a volume of 25107 shares trading hands. The stock had previously closed at $18.41.

Wall Street Analyst Weigh In

Separately, Zacks Research cut J. Sainsbury from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

J. Sainsbury Stock Performance

The firm has a fifty day moving average price of $17.46 and a 200-day moving average price of $15.98. The company has a current ratio of 0.74, a quick ratio of 0.57 and a debt-to-equity ratio of 0.16.

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.