J. Sainsbury (OTCMKTS:JSAIY) Trading Down 4.5% - Here's What Happened

J. Sainsbury PLC (OTCMKTS:JSAIY - Get Free Report)'s share price dropped 4.5% during trading on Wednesday . The stock traded as low as $15.44 and last traded at $15.44. Approximately 1,256 shares changed hands during trading, a decline of 97% from the average daily volume of 41,027 shares. The stock had previously closed at $16.17.

Wall Street Analysts Forecast Growth

JSAIY has been the subject of a number of recent analyst reports. Kepler Capital Markets cut shares of J. Sainsbury from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 23rd. 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. Jefferies Financial Group downgraded J. Sainsbury from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, BNP Paribas lowered shares of J. Sainsbury from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Three analysts have rated the stock with a hold rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy".

J. Sainsbury Trading Up 2.3%

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 stock's fifty day moving average price is $15.34 and its two-hundred day moving average price is $13.86.

J. Sainsbury Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, June 9th will be given a dividend of $0.4798 per share. This represents a dividend yield of 4.13%. The ex-dividend date of this dividend is Friday, June 6th. This is a positive change 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.