JD Sports Fashion (OTCMKTS:JDSPY) Shares Gap Up – Still a Buy?

Shares of JD Sports Fashion Plc (OTCMKTS:JDSPY) gapped up before the market opened on Wednesday. The stock had previously closed at $0.9951, but opened at $1.0715. JD Sports Fashion shares last traded at $1.0715, with a volume of 513 shares.

Analyst Ratings Changes

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

JD Sports Fashion Stock Up 0.9%

The business has a 50-day simple moving average of $1.10 and a two-hundred day simple moving average of $1.05. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.56 and a current ratio of 1.51.

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.