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

Key Points

• J. Sainsbury's stock price gapped down from $16.53 to $16.14 before trading on Monday, with a total trading volume of 3,596 shares.
• Analyst reports have resulted in downgrades for J. Sainsbury, with Kepler Capital Markets and Jefferies Financial Group each lowering their ratings from "strong-buy" and "buy" to "hold."
• The company has increased its dividend to $0.4798, representing a significant 413.0% yield, up from the previous dividend of $0.20.

J. Sainsbury PLC (OTCMKTS:JSAIY - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $16.53, but opened at $16.14. J. Sainsbury shares last traded at $16.14, with a volume of 3,596 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on JSAIY shares. Jefferies Financial Group downgraded shares of J. Sainsbury from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Kepler Capital Markets downgraded shares of J. Sainsbury from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 23rd. Three research analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, J. Sainsbury currently has an average rating of "Buy".

J. Sainsbury Price Performance

The company has a debt-to-equity ratio of 0.16, a current ratio of 0.74 and a quick ratio of 0.57. The company has a 50-day simple moving average of $16.11 and a 200-day simple moving average of $14.52.

J. Sainsbury Increases Dividend

The company also recently announced a dividend, which was paid on Monday, July 21st. Shareholders of record on Monday, June 9th were paid a $0.4798 dividend. This is an increase from J. Sainsbury's previous dividend of $0.20. This represents a yield of 413.0%. The ex-dividend date of this dividend was Friday, June 6th.

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.