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

JD Sports Fashion Plc (OTCMKTS:JDSPY) gapped up prior to trading on Tuesday . The stock had previously closed at $0.9450, but opened at $1.01. JD Sports Fashion shares last traded at $1.01, with a volume of 78,026 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on JDSPY shares. Royal Bank Of Canada downgraded shares of JD Sports Fashion from an “outperform” rating to a “sector perform” rating in a report on Monday, August 3rd. Barclays upgraded JD Sports Fashion to a “hold” rating in a report on Wednesday, September 2nd. Citigroup reaffirmed a “neutral” rating on shares of JD Sports Fashion in a research report on Friday, August 21st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of JD Sports Fashion in a research report on Tuesday, July 14th. Finally, BNP Paribas Exane raised JD Sports Fashion from a “neutral” rating to an “outperform” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

JD Sports Fashion Trading Up 5.4%

The stock’s fifty day simple moving average is $1.13 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.

About JD Sports Fashion

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.