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J. Sainsbury (OTCMKTS:JSAIY) Shares Gap Down - Here's Why

J. Sainsbury logo with Retail/Wholesale background

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.
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J. Sainsbury PLC (OTCMKTS:JSAIY - Get Free Report)'s share price gapped down prior to trading 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 trading hands.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group cut shares of J. Sainsbury from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Three research analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, J. Sainsbury presently has an average rating of "Buy".

Check Out Our Latest Analysis on JSAIY

J. Sainsbury Stock Performance

The firm's fifty day moving average price is $16.14 and its 200 day moving average price is $14.58. The company has a quick ratio of 0.57, a current ratio of 0.74 and a debt-to-equity ratio of 0.16.

J. Sainsbury Increases Dividend

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

About J. Sainsbury

(Get Free Report)

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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