J Sainsbury (OTCMKTS:JSAIY) Stock Passes Below 50-Day Moving Average – Here’s Why

J Sainsbury plc (OTCMKTS:JSAIY) shares 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 traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on JSAIY shares. Royal Bank of Canada upgraded J Sainsbury to a “moderate buy” rating in a report on Tuesday, November 19th. BNP Paribas upgraded J Sainsbury to a “strong-buy” rating in a research report on Friday, October 18th.

J Sainsbury Price Performance

The stock’s 50-day moving average price is $13.47 and its 200 day moving average price is $14.32.

J Sainsbury Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, November 18th were issued a $0.2025 dividend. The ex-dividend date of this dividend was Monday, November 18th.

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.