JD Sports Fashion (OTCMKTS:JDSPY) Shares Up 8.5% – Here’s What Happened

Shares of JD Sports Fashion Plc (OTCMKTS:JDSPY) rose 8.5% on Monday. The stock traded as high as $1.08 and last traded at $1.08. 1,107 shares changed hands during trading, a decline of 91% from the average daily volume of 12,766 shares. The stock had previously closed at $0.9951.

Analysts Set New Price Targets

A number of brokerages recently issued reports on JDSPY. BNP Paribas Exane raised JD Sports Fashion from a “neutral” rating to an “outperform” rating in a research report on Friday, July 24th. Citigroup reaffirmed a “neutral” rating on shares of JD Sports Fashion in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of JD Sports Fashion in a research report on Tuesday, July 14th. Royal Bank Of Canada cut shares of JD Sports Fashion from an “outperform” rating to a “sector perform” rating in a report on Monday, August 3rd. Finally, Barclays raised shares of JD Sports Fashion to a “hold” rating in a research report on Wednesday, September 2nd. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

JD Sports Fashion Stock Up 8.5%

The company has a debt-to-equity ratio of 0.91, a current ratio of 1.51 and a quick ratio of 0.56. The stock has a 50 day simple moving average of $1.11 and a two-hundred day simple moving average of $1.05.

JD Sports Fashion Company Profile

JD Sports Fashion plc is a United Kingdom-based multichannel retailer specializing in sports-inspired footwear, apparel and accessories. The company sells products from leading athletic and lifestyle brands, including Nike, adidas and other international labels, alongside merchandise from its own and exclusive brands.

The company operates through a portfolio of retail banners that includes JD Sports, Size?, Finish Line, DTLR and Hibbett. Its operations span physical stores and e-commerce platforms, serving customers across the United Kingdom, Europe, North America, Asia-Pacific and other international markets.

JD Sports was founded in 1981 in Bury, England, by John Wardle and David Makin.