J Sainsbury (LON:SBRY) Stock Crosses Above 200 Day Moving Average – Should You Sell?

J Sainsbury plc (LON:SBRY)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 272.96 ($3.43) and traded as high as GBX 273.20 ($3.43). J Sainsbury shares last traded at GBX 270.20 ($3.40), with a volume of 10,565,847 shares trading hands.

Analyst Upgrades and Downgrades

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

J Sainsbury Trading Down 0.4 %

The company has a current ratio of 0.66, a quick ratio of 0.53 and a debt-to-equity ratio of 95.36. The company has a fifty day moving average price of GBX 266.39 and a two-hundred day moving average price of GBX 272.86. The firm has a market capitalization of £6.30 billion, a price-to-earnings ratio of 4,503.33, a PEG ratio of 0.42 and a beta of 0.67.

J Sainsbury Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, November 14th were given 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.