J Sainsbury (OTCMKTS:JSAIY) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Shares of J Sainsbury plc (OTCMKTS:JSAIY) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $13.05 and traded as low as $12.17. J Sainsbury shares last traded at $12.32, with a volume of 69,276 shares traded.

Analyst Upgrades and Downgrades

Several research firms have commented on JSAIY. Hsbc Global Res downgraded J Sainsbury from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Royal Bank of Canada upgraded shares of J Sainsbury to a “moderate buy” rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

J Sainsbury Price Performance

The company has a quick ratio of 0.57, a current ratio of 0.74 and a debt-to-equity ratio of 0.17. The stock has a fifty day moving average of $13.05 and a two-hundred day moving average of $13.95.

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.