Jeronimo Martins SGPS (OTCMKTS:JRONY) Sets New 1-Year Low – Here’s Why

Jeronimo Martins SGPS SA (OTCMKTS:JRONY)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $39.60 and last traded at $39.62, with a volume of 535 shares trading hands. The stock had previously closed at $40.84.

Wall Street Analyst Weigh In

JRONY has been the topic of a number of research analyst reports. Citigroup reissued a “buy” rating on shares of Jeronimo Martins SGPS in a research note on Monday. 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. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

Jeronimo Martins SGPS Stock Down 1.7%

The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.37 and a current ratio of 0.62. The firm has a market capitalization of $12.52 billion, a PE ratio of 16.86, a P/E/G ratio of 1.38 and a beta of 0.79. The business’s 50 day moving average price is $44.81 and its 200-day moving average price is $47.18.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). The business had revenue of $10.42 billion during the quarter, compared to analyst estimates of $10.40 billion. Jeronimo Martins SGPS had a net margin of 1.75% and a return on equity of 20.82%. As a group, equities research analysts forecast that Jeronimo Martins SGPS SA will post 2.91 earnings per share for the current year.

About Jeronimo Martins SGPS

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.