Jeronimo Martins SGPS (OTCMKTS:JRONY) Shares Gap Down – Here’s Why

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) gapped down prior to trading on Tuesday . The stock had previously closed at $39.71, but opened at $38.05. Jeronimo Martins SGPS shares last traded at $38.13, with a volume of 1,549 shares.

Analyst Upgrades and Downgrades

Several research firms have issued reports on JRONY. Zacks Research raised shares of Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 9th. Citigroup reaffirmed a “buy” rating on shares of Jeronimo Martins SGPS in a research note on Monday, June 15th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Jeronimo Martins SGPS Stock Performance

The stock’s fifty day simple moving average is $43.29 and its two-hundred day simple moving average is $46.76. The company has a market cap of $12.01 billion, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 1.33 and a beta of 0.79. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.37 and a current ratio of 0.62.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last issued its earnings results on Wednesday, May 6th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.04). Jeronimo Martins SGPS had a return on equity of 20.82% and a net margin of 1.75%.The firm had revenue of $10.42 billion during the quarter, compared to analysts’ expectations of $10.40 billion. Equities research analysts anticipate that Jeronimo Martins SGPS SA will post 2.91 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.