J. Sainsbury (OTCMKTS:JSAIY) Stock Price Down 5.7% – Should You Sell?

J. Sainsbury PLC (OTCMKTS:JSAIY)’s stock price dropped 5.7% on Tuesday . The company traded as low as $17.16 and last traded at $17.16. Approximately 283 shares changed hands during trading, a decline of 99% from the average daily volume of 35,747 shares. The stock had previously closed at $18.20.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Zacks Research lowered J. Sainsbury from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. Kepler Capital Markets downgraded J. Sainsbury from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

J. Sainsbury Stock Up 0.3%

The firm’s fifty day simple moving average is $18.12 and its 200 day simple moving average is $16.70. The company has a current ratio of 0.74, a quick ratio of 0.57 and a debt-to-equity ratio of 0.16.

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.