JD Sports Fashion (OTCMKTS:JDSPY) Stock Jumps 5% – Time to Buy?

Shares of JD Sports Fashion Plc (OTCMKTS:JDSPY) shot up 5% on Wednesday. The company traded as high as $1.26 and last traded at $1.26. 2,321 shares changed hands during trading, a decline of 82% from the average session volume of 12,890 shares. The stock had previously closed at $1.20.

Analysts Set New Price Targets

A number of brokerages have commented on JDSPY. BNP Paribas Exane upgraded JD Sports Fashion from a “neutral” rating to an “outperform” rating in a research report on Friday, July 24th. Barclays raised shares of JD Sports Fashion to a “hold” rating in a research note on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of JD Sports Fashion in a research note on Tuesday, July 14th. Royal Bank Of Canada cut JD Sports Fashion from an “outperform” rating to a “sector perform” rating in a report on Monday, August 3rd. Finally, Citigroup reaffirmed a “neutral” rating on shares of JD Sports Fashion in a research report on Wednesday, September 30th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, JD Sports Fashion presently has a consensus rating of “Hold”.

JD Sports Fashion Stock Performance

The stock’s fifty day simple moving average is $1.09 and its two-hundred day simple moving average is $1.06. 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 retailer specializing in sports-inspired footwear, apparel and accessories. Its product range includes athletic shoes, trainers, clothing and related accessories from major global sportswear brands, as well as products sold under its own retail and exclusive-label offerings.

The company operates through a portfolio of retail banners, led by JD Sports. Other brands have included Size?, Finish Line, DTLR and Hibbett, serving customers through physical stores and e-commerce platforms.