Jeronimo Martins SGPS (OTCMKTS:JRONY) Sees Unusually-High Trading Volume – Still a Buy?

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) shares saw unusually-strong trading volume on Thursday . Approximately 61,759 shares changed hands during trading, an increase of 497% from the previous session’s volume of 10,352 shares.The stock last traded at $47.60 and had previously closed at $47.10.

Analyst Ratings Changes

Separately, Kepler Capital Markets upgraded Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Jeronimo Martins SGPS has a consensus rating of “Moderate Buy”.

Jeronimo Martins SGPS Price Performance

The company has a 50 day moving average of $48.53 and a two-hundred day moving average of $49.40. The firm has a market cap of $14.96 billion, a P/E ratio of 21.04, a PEG ratio of 1.80 and a beta of 0.91. The company has a quick ratio of 0.33, a current ratio of 0.58 and a debt-to-equity ratio of 0.13.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. The company had revenue of $10.66 billion during the quarter, compared to analyst estimates of $10.61 billion. Jeronimo Martins SGPS had a net margin of 1.83% and a return on equity of 21.15%. Sell-side analysts expect that Jeronimo Martins SGPS SA will post 2.13 EPS for the current year.

Jeronimo Martins SGPS Company Profile

Jeronimo Martins SGPS is a Portugal-based corporate group engaged primarily in food distribution and retail. Through its flagship Pingo Doce banner in Portugal, the company operates a network of full-service supermarkets and convenience outlets offering fresh produce, grocery items, and private-label products. In addition, its cash-and-carry arm, Recheio, supplies wholesale and hospitality professionals with a broad range of food and non-food goods.

Beyond its home market, Jeronimo Martins has established a significant presence in Poland under the discount supermarket brand Biedronka.