J Sainsbury (OTCMKTS:JSAIY) Sets New 52-Week Low – What’s Next?

Shares of J Sainsbury plc (OTCMKTS:JSAIY) reached a new 52-week low during trading on Tuesday . The stock traded as low as $11.92 and last traded at $11.99, with a volume of 34961 shares changing hands. The stock had previously closed at $12.28.

Wall Street Analysts Forecast Growth

Separately, Hsbc Global Res raised shares of J Sainsbury from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 21st. Four research analysts have rated the stock with a strong buy rating, According to MarketBeat, J Sainsbury currently has an average rating of “Strong Buy”.

J Sainsbury Price Performance

The company has a quick ratio of 0.57, a current ratio of 0.74 and a debt-to-equity ratio of 0.17. The business has a 50 day simple moving average of $12.91 and a 200 day simple moving average of $13.71.

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.