J Sainsbury (LON:SBRY) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

J Sainsbury plc (LON:SBRY)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 272.45 ($3.35) and traded as high as GBX 277.40 ($3.41). J Sainsbury shares last traded at GBX 272.40 ($3.35), with a volume of 7,547,510 shares trading hands.

Analyst Ratings Changes

Separately, Shore Capital restated a “house stock” rating on shares of J Sainsbury in a research report on Friday, November 22nd.

J Sainsbury Price Performance

The firm has a market capitalization of £6.13 billion, a P/E ratio of 4,386.67, a P/E/G ratio of 0.42 and a beta of 0.67. The stock has a 50 day moving average of GBX 264.53 and a two-hundred day moving average of GBX 272.45. The company has a debt-to-equity ratio of 95.36, a quick ratio of 0.53 and a current ratio of 0.66.

J Sainsbury Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Thursday, November 14th were paid a GBX 3.90 ($0.05) dividend. The ex-dividend date was Thursday, November 14th. This represents a yield of 1.46%. J Sainsbury’s payout ratio is currently 21,666.67%.

J Sainsbury Company Profile

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.