J. Sainsbury (OTCMKTS:JSAIY) Stock Price Down 0.7% - Here's What Happened

Key Points

• J. Sainsbury's stock price decreased by 0.7%, closing at $18.08, with trading volume down 16% from the average.
• Zacks Research upgraded J. Sainsbury from a "hold" to a "strong-buy" rating, contributing to its current average rating of "Moderate Buy" among analysts.
• The company has a low debt-to-equity ratio of 0.16, indicating strong financial stability compared to its equity base.

J. Sainsbury PLC (OTCMKTS:JSAIY - Get Free Report)'s share price traded down 0.7% during trading on Friday . The company traded as low as $18.04 and last traded at $18.08. 29,233 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 34,635 shares. The stock had previously closed at $18.20.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded J. Sainsbury from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 17th. Two investment analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, J. Sainsbury has an average rating of "Moderate Buy".

J. Sainsbury Price Performance

The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.57 and a current ratio of 0.74. The company has a 50-day moving average of $17.16 and a 200 day moving average of $15.66.

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.

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