JD Sports Fashion (OTCMKTS:JDSPY) Shares Gap Down – Here’s Why

JD Sports Fashion Plc (OTCMKTS:JDSPY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $0.9704, but opened at $0.9141. JD Sports Fashion shares last traded at $0.9141, with a volume of 584 shares.

Wall Street Analyst Weigh In

JDSPY has been the topic of a number of research reports. BNP Paribas Exane upgraded JD Sports Fashion from a “neutral” rating to an “outperform” rating in a research report on Friday, July 24th. Barclays upgraded shares of JD Sports Fashion to a “hold” rating in a research note on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of JD Sports Fashion in a report on Tuesday, July 14th. Citigroup reissued a “neutral” rating on shares of JD Sports Fashion in a research note on Friday, August 21st. Finally, Royal Bank Of Canada cut JD Sports Fashion from an “outperform” rating to a “sector perform” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

JD Sports Fashion Stock Down 5.8%

The business’s 50 day simple moving average is $1.14 and its 200 day simple moving average is $1.04. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.56 and a current ratio of 1.51.

JD Sports Fashion Company Profile

JD Sports Fashion plc is a United Kingdom-based multichannel retailer specializing in sportswear, sneakers and athleisure apparel. Its product range includes footwear, clothing and accessories from major global sports brands, as well as selected private-label and exclusive products.

The company operates through a portfolio of retail banners that includes JD Sports, Size?, Finish Line, DTLR and other regionally focused brands. It serves customers through physical stores and e-commerce platforms, with operations across the United Kingdom and Europe, North America, Australia, New Zealand and selected markets in Asia-Pacific.

JD Sports was founded in 1981, when its first store opened in Bury, England.