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

J Sainsbury plc (LON:SBRY)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 257.78 ($3.45) and traded as high as GBX 290 ($3.88). J Sainsbury shares last traded at GBX 289.20 ($3.87), with a volume of 9,192,872 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “house stock” rating on shares of J Sainsbury in a report on Thursday, April 17th.

J Sainsbury Trading Down 0.3%

The firm has a market capitalization of £6.65 billion, a price-to-earnings ratio of 48.64, 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 is GBX 251.87 and its 200 day moving average is GBX 257.78.

J Sainsbury (LON:SBRY) last announced its earnings results on Thursday, April 17th. The grocer reported GBX 23.10 ($0.31) earnings per share (EPS) for the quarter. J Sainsbury had a net margin of 0.42% and a return on equity of 1.94%. Equities analysts forecast that J Sainsbury plc will post 25.7241977 earnings per share for the current year.

Insider Activity at J Sainsbury

In other J Sainsbury news, insider Simon Roberts sold 468,427 shares of J Sainsbury stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of GBX 277 ($3.71), for a total value of £1,297,542.79 ($1,737,702.95). Also, insider Bl á thnaid Bergin sold 41,221 shares of the firm’s stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of GBX 260 ($3.48), for a total transaction of £107,174.60 ($143,531.00). 5.40% of the stock is owned by corporate insiders.

J Sainsbury Company Profile

J Sainsbury plc is one of the UK’s leading food, general merchandise and clothing retailers.

Offering delicious, great quality food at competitive prices has been at the heart of what we do since we opened our first store in 1869. Today, inspiring and delighting our customers with tasty food remains our priority.