JD Sports Fashion (OTCMKTS:JDSPY) Shares Gap Down – Should You Sell?

Shares of JD Sports Fashion Plc (OTCMKTS:JDSPY) gapped down prior to trading on Thursday. The stock had previously closed at $1.0220, but opened at $0.96. JD Sports Fashion shares last traded at $1.01, with a volume of 2,761 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on JDSPY shares. Citigroup restated a “neutral” rating on shares of JD Sports Fashion in a research report on Wednesday. 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. 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. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of JD Sports Fashion in a report on Tuesday, July 14th. Finally, Barclays raised shares of JD Sports Fashion to a “hold” rating in a research note on Wednesday, September 2nd. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, JD Sports Fashion currently has a consensus rating of “Hold”.

JD Sports Fashion Trading Down 4.3%

The business’s 50-day moving average price is $1.11 and its two-hundred day moving average price is $1.04. The company has a current ratio of 1.51, a quick ratio of 0.56 and a debt-to-equity ratio of 0.91.

About JD Sports Fashion

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.