J Sainsbury (OTCMKTS:JSAIY) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

J Sainsbury plc (OTCMKTS:JSAIY)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $13.80 and traded as high as $14.45. J Sainsbury shares last traded at $13.89, with a volume of 26,181 shares traded.

Wall Street Analyst Weigh In

JSAIY has been the topic of several research analyst reports. Barclays raised J Sainsbury to a “strong-buy” rating in a research report on Monday, September 16th. BNP Paribas raised shares of J Sainsbury to a “strong-buy” rating in a report on Friday, October 18th. Royal Bank of Canada upgraded shares of J Sainsbury to a “moderate buy” rating in a research report on Tuesday, November 19th. Finally, UBS Group raised shares of J Sainsbury to a “strong-buy” rating in a research report on Monday, September 16th.

J Sainsbury Price Performance

The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $13.80 and a two-hundred day simple moving average of $14.30.

J Sainsbury Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, November 18th will be given a dividend of $0.2025 per share. The ex-dividend date of this dividend is Monday, November 18th.

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.