J Sainsbury (OTCMKTS:JSAIY) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

J Sainsbury plc (OTCMKTS:JSAIY) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $13.47 and traded as low as $12.72. J Sainsbury shares last traded at $12.80, with a volume of 41,416 shares.

Analyst Upgrades and Downgrades

A number of research firms recently commented on JSAIY. BNP Paribas upgraded J Sainsbury to a “strong-buy” rating in a report on Friday, October 18th. Royal Bank of Canada raised J Sainsbury to a “moderate buy” rating in a research note on Tuesday, November 19th.

J Sainsbury Stock Performance

The business’s 50-day simple moving average is $13.47 and its two-hundred day simple moving average is $14.32.

J Sainsbury Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, December 30th. Investors of record on Monday, November 18th were issued a $0.2025 dividend. The ex-dividend date was Monday, November 18th.

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.