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J Sainsbury (OTCMKTS:JSAIY) Shares Cross Below Fifty Day Moving Average - Here's Why

J Sainsbury logo with Retail/Wholesale background
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J Sainsbury plc (OTCMKTS:JSAIY - Get Free Report)'s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $12.95 and traded as low as $12.29. J Sainsbury shares last traded at $12.32, with a volume of 87,440 shares traded.

Wall Street Analyst Weigh In

Separately, Hsbc Global Res upgraded shares of J Sainsbury from a "hold" rating to a "strong-buy" rating in a report on Friday, March 21st. Four investment analysts have rated the stock with a strong buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Strong Buy".

Get Our Latest Stock Report on J Sainsbury

J Sainsbury Price Performance

The company has a fifty day simple moving average of $12.92 and a two-hundred day simple moving average of $13.75. The company has a quick ratio of 0.57, a current ratio of 0.74 and a debt-to-equity ratio of 0.17.

J Sainsbury Company Profile

(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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