J. Sainsbury (OTCMKTS:JSAIY) Sees Unusually-High Trading Volume – Should You Buy?

Shares of J. Sainsbury PLC (OTCMKTS:JSAIYGet Free Report) saw unusually-strong trading volume on Monday . Approximately 37,708 shares traded hands during mid-day trading, an increase of 2% from the previous session’s volume of 36,856 shares.The stock last traded at $18.43 and had previously closed at $18.78.

Analyst Ratings Changes

Several analysts have recently commented on JSAIY shares. Jefferies Financial Group restated a “hold” rating on shares of J. Sainsbury in a report on Sunday, December 14th. Deutsche Bank Aktiengesellschaft raised shares of J. Sainsbury to a “buy” rating in a report on Wednesday, December 10th. Citigroup raised shares of J. Sainsbury to a “strong-buy” rating in a research note on Friday, January 9th. Zacks Research raised shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Finally, Kepler Capital Markets raised J. Sainsbury from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Analysis on J. Sainsbury

J. Sainsbury Trading Down 1.3%

The company has a quick ratio of 0.31, a current ratio of 0.62 and a debt-to-equity ratio of 0.16. The company’s fifty day moving average is $17.62 and its two-hundred day moving average is $17.52.

J. Sainsbury Company Profile

(Get Free Report)

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.

Further Reading

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