J D Wetherspoon (OTCMKTS:JDWPF) Stock Falls 5.6% – What’s Next?

J D Wetherspoon plc (OTCMKTS:JDWPF) traded down 5.6% during trading on Wednesday. The stock traded as low as $12.27 and last traded at $12.27. Approximately 490 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 567 shares. The stock had previously closed at $13.00.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley downgraded shares of J D Wetherspoon to an “underweight” rating in a research report on Friday, September 4th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

J D Wetherspoon Stock Performance

The stock has a 50-day moving average of $10.07 and a 200-day moving average of $9.54.

About J D Wetherspoon

J D Wetherspoon plc is a United Kingdom-based operator of pubs and hotels. The company runs a network of pubs under the Wetherspoon name, offering alcoholic and nonalcoholic beverages, meals, snacks and other refreshments. Some locations also provide hotel accommodation.

Wetherspoon serves customers primarily in the United Kingdom, with a presence in the Republic of Ireland. Its pubs are typically located in town and city centers, and the company is known for operating in converted or historically significant buildings, including former cinemas, banks and other commercial properties.

The company was founded by Tim Martin, who opened its first pub in 1979.