J Sainsbury (OTCMKTS:JSAIY) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

J Sainsbury plc (OTCMKTS:JSAIY)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.19 and traded as low as $13.19. J Sainsbury shares last traded at $13.19, with a volume of 26,913 shares.

Analysts Set New Price Targets

JSAIY has been the subject of several research analyst reports. Royal Bank of Canada raised J Sainsbury to a “moderate buy” rating in a research note on Tuesday, November 19th. Hsbc Global Res downgraded J Sainsbury from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 31st. Finally, BNP Paribas raised J Sainsbury to a “strong-buy” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a hold rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, J Sainsbury currently has a consensus rating of “Strong Buy”.

J Sainsbury Price Performance

The stock has a 50 day moving average price of $13.45 and a two-hundred day moving average price of $14.19. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.74.

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.