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J Sainsbury (OTCMKTS:JSAIY) Stock Price Passes Below 50 Day Moving Average - Here's What Happened

J Sainsbury logo with Retail/Wholesale background

J Sainsbury plc (OTCMKTS:JSAIY - Get Free Report)'s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $15.35 and traded as low as $13.75. J Sainsbury shares last traded at $13.88, with a volume of 16,553 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. UBS Group raised J Sainsbury to a "strong-buy" rating in a research report on Monday, September 16th. BNP Paribas upgraded shares of J Sainsbury to a "strong-buy" rating in a research note on Friday, October 18th. Finally, Barclays upgraded shares of J Sainsbury to a "strong-buy" rating in a research note on Monday, September 16th.

Read Our Latest Stock Report on J Sainsbury

J Sainsbury Price Performance

The business's fifty day simple moving average is $15.32 and its 200 day simple moving average is $14.38. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.16.

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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