J. Sainsbury (OTCMKTS:JSAIY) Shares Gap Down - Should You Sell?

J. Sainsbury PLC (OTCMKTS:JSAIY - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $16.15, but opened at $15.60. J. Sainsbury shares last traded at $15.60, with a volume of 603 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Kepler Capital Markets downgraded J. Sainsbury from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 23rd. BNP Paribas lowered shares of J. Sainsbury from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Jefferies Financial Group cut J. Sainsbury from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Hsbc Global Res upgraded shares of J. Sainsbury from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 21st. Three investment analysts have rated the stock with a hold rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy".

J. Sainsbury Trading Down 0.5%

The business's 50 day simple moving average is $15.17 and its 200 day simple moving average is $13.81. The company has a current ratio of 0.74, a quick ratio of 0.57 and a debt-to-equity ratio of 0.16.

J. Sainsbury Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, July 21st. Investors of record on Monday, June 9th will be issued a dividend of $0.4798 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a yield of 4.13%. This is a boost from J. Sainsbury's previous dividend of $0.20.

J. Sainsbury Company Profile

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.

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