Jeronimo Martins SGPS (OTCMKTS:JRONY) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Jeronimo Martins SGPS SA (OTCMKTS:JRONY)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $48.28 and traded as high as $50.27. Jeronimo Martins SGPS shares last traded at $50.26, with a volume of 5,609 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Kepler Capital Markets raised Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Jeronimo Martins SGPS Trading Up 1.6%

The company has a market cap of $15.81 billion, a P/E ratio of 22.24, a P/E/G ratio of 1.26 and a beta of 0.91. The business’s 50-day moving average price is $48.28 and its 200 day moving average price is $48.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.33 and a current ratio of 0.58.

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.