JD Sports Fashion (OTCMKTS:JDSPY) Shares Gap Up – Here’s What Happened

Shares of JD Sports Fashion Plc (OTCMKTS:JDSPY) gapped up prior to trading on Tuesday. The stock had previously closed at $0.9660, but opened at $1.03. JD Sports Fashion shares last traded at $1.03, with a volume of 1,743 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on JDSPY shares. Royal Bank Of Canada downgraded shares of JD Sports Fashion from an “outperform” rating to a “sector perform” rating in a research note on Monday, August 3rd. Citigroup reissued a “neutral” rating on shares of JD Sports Fashion in a research note on Friday, August 21st. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of JD Sports Fashion in a report on Tuesday, July 14th. BNP Paribas Exane upgraded shares of JD Sports Fashion from a “neutral” rating to an “outperform” rating in a research report on Friday, July 24th. Finally, Barclays raised shares of JD Sports Fashion to a “hold” rating in a report on Wednesday, September 2nd. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

JD Sports Fashion Trading Down 0.2%

The company’s 50 day moving average price is $1.12 and its two-hundred day moving average price is $1.04. The company has a quick ratio of 0.56, a current ratio of 1.51 and a debt-to-equity ratio of 0.91.

JD Sports Fashion Company Profile

JD Sports Fashion plc is a United Kingdom-based multichannel retailer specializing in sportswear, sneakers and athleisure apparel. Its product range includes footwear, clothing and accessories from major global sports brands, as well as selected private-label and exclusive products.

The company operates through a portfolio of retail banners that includes JD Sports, Size?, Finish Line, DTLR and other regionally focused brands. It serves customers through physical stores and e-commerce platforms, with operations across the United Kingdom and Europe, North America, Australia, New Zealand and selected markets in Asia-Pacific.

JD Sports was founded in 1981, when its first store opened in Bury, England.