J. Sainsbury (OTCMKTS:JSAIY) Shares Gap Up – Time to Buy?

J. Sainsbury PLC (OTCMKTS:JSAIY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $17.13, but opened at $18.13. J. Sainsbury shares last traded at $18.14, with a volume of 3,152 shares.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Zacks Research raised J. Sainsbury from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Citigroup cut J. Sainsbury from a “buy” rating to a “neutral” rating in a report on Tuesday, April 28th. The Goldman Sachs Group cut J. Sainsbury from a “strong-buy” rating to a “sell” rating in a report on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of J. Sainsbury in a research report on Monday, April 13th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

J. Sainsbury Price Performance

The firm’s 50-day simple moving average is $16.88 and its 200-day simple moving average is $17.87. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.24 and a current ratio of 0.56.

J. Sainsbury Company Profile

J. Sainsbury PLC, trading in the United States under the ticker OTCMKTS:JSAIY, is one of the United Kingdom’s leading grocery retailers. Through its primary Sainsbury’s supermarket banner and smaller convenience formats under the Sainsbury’s Local name, the company offers a wide range of food and household products. In addition to its core retail operations, Sainsbury’s extends into general merchandise and clothing under the TU brand, serving both in-store and through its established e-commerce platform.

Founded in 1869 by John James Sainsbury and his wife Mary Ann, Sainsbury’s has grown from a single dairy shop in London’s Drury Lane to a nationwide retail network.