J Sainsbury (LON:SBRY) Stock Price Passes Above 200 Day Moving Average – Here’s Why

J Sainsbury plc (LON:SBRY)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 272.45 ($3.40) and traded as high as GBX 277.40 ($3.46). J Sainsbury shares last traded at GBX 272.40 ($3.40), with a volume of 7,547,510 shares.

Analyst Upgrades and Downgrades

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

J Sainsbury Trading Down 0.4 %

The company has a market cap of £6.32 billion, a P/E ratio of 4,523.33, a price-to-earnings-growth ratio of 0.42 and a beta of 0.67. The company has a quick ratio of 0.53, a current ratio of 0.66 and a debt-to-equity ratio of 95.36. The firm’s 50-day moving average price is GBX 264.75 and its 200-day moving average price is GBX 272.45.

J Sainsbury Cuts Dividend

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