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

J Sainsbury plc (LON:SBRY) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 Ratings Changes

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

J Sainsbury Trading Down 0.4 %

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

J Sainsbury Cuts Dividend

The company also recently disclosed 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 of this dividend was Thursday, November 14th. This represents a dividend yield of 1.46%. J Sainsbury’s dividend payout ratio (DPR) is presently 21,666.67%.

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.