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

JD Sports Fashion Plc (OTCMKTS:JDSPY)’s stock price gapped up before the market opened on Tuesday. The stock had previously closed at $1.08, but opened at $1.14. JD Sports Fashion shares last traded at $1.14, with a volume of 856 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on JDSPY shares. Barclays upgraded JD Sports Fashion to a “hold” rating in a research report on Wednesday, September 2nd. 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. Citigroup reaffirmed a “neutral” rating on shares of JD Sports Fashion in a research note on Wednesday, September 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of JD Sports Fashion in a report on Tuesday, July 14th. Finally, Royal Bank Of Canada lowered shares of JD Sports Fashion from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

JD Sports Fashion Price Performance

The business has a 50-day simple moving average of $1.09 and a 200 day simple moving average of $1.05. The company has a current ratio of 1.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89.

JD Sports Fashion Company Profile

JD Sports Fashion plc is a United Kingdom-based multichannel retailer specializing in sports-inspired footwear, apparel and accessories. The company sells products from leading athletic and lifestyle brands, including Nike, adidas and other international labels, alongside merchandise from its own and exclusive brands.

The company operates through a portfolio of retail banners that includes JD Sports, Size?, Finish Line, DTLR and Hibbett. Its operations span physical stores and e-commerce platforms, serving customers across the United Kingdom, Europe, North America, Asia-Pacific and other international markets.

JD Sports was founded in 1981 in Bury, England, by John Wardle and David Makin.