J Sainsbury (LON:SBRY) Share Price Passes Above 200-Day Moving Average - Should You Sell?

J Sainsbury plc (LON:SBRY - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 262.51 ($3.57) and traded as high as GBX 290 ($3.95). J Sainsbury shares last traded at GBX 288.40 ($3.93), with a volume of 5,204,685 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital restated a "house stock" rating on shares of J Sainsbury in a research report on Thursday, April 17th.

J Sainsbury Stock Down 1.0%

The company has a quick ratio of 0.53, a current ratio of 0.66 and a debt-to-equity ratio of 95.36. The firm has a market capitalization of £6.63 billion, a PE ratio of 48.44, a P/E/G ratio of 0.42 and a beta of 0.67. The stock has a 50-day simple moving average of GBX 276.31 and a 200-day simple moving average of GBX 262.67.

J Sainsbury (LON:SBRY - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The grocer reported GBX 23.10 ($0.31) earnings per share (EPS) for the quarter. J Sainsbury had a net margin of 0.42% and a return on equity of 1.94%. Analysts forecast that J Sainsbury plc will post 25.7241977 EPS for the current year.

Insider Transactions at J Sainsbury

In other news, insider Bl á thnaid Bergin sold 41,221 shares of the business's stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of GBX 260 ($3.54), for a total transaction of £107,174.60 ($145,895.18). Also, insider Simon Roberts sold 468,427 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of GBX 277 ($3.77), for a total transaction of £1,297,542.79 ($1,766,325.61). Corporate insiders own 5.40% of the company's stock.

J Sainsbury Company Profile

J Sainsbury plc is one of the UK's leading food, general merchandise and clothing retailers. Offering delicious, great quality food at competitive prices has been at the heart of what we do since we opened our first store in 1869. Today, inspiring and delighting our customers with tasty food remains our priority.