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

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) shares saw unusually-strong trading volume on Wednesday . Approximately 46,680 shares traded hands during mid-day trading, an increase of 125% from the previous session’s volume of 20,720 shares.The stock last traded at $40.87 and had previously closed at $40.84.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on JRONY shares. Zacks Research upgraded shares of Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 9th. Citigroup reaffirmed a “buy” rating on shares of Jeronimo Martins SGPS in a research note on Monday. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Jeronimo Martins SGPS Price Performance

The company has a quick ratio of 0.37, a current ratio of 0.62 and a debt-to-equity ratio of 0.15. The stock’s 50 day moving average price is $44.65 and its two-hundred day moving average price is $47.13. The firm has a market capitalization of $12.50 billion, a price-to-earnings ratio of 16.83, a P/E/G ratio of 1.37 and a beta of 0.79.

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