Jeronimo Martins SGPS (OTCMKTS:JRONY) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Jeronimo Martins SGPS SA (OTCMKTS:JRONY)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $39.31 and traded as high as $41.99. Jeronimo Martins SGPS shares last traded at $41.73, with a volume of 8,727 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays reissued an “overweight” rating on shares of Jeronimo Martins SGPS in a report on Friday, July 3rd. Royal Bank Of Canada assumed coverage on shares of Jeronimo Martins SGPS in a report on Monday, July 6th. They set a “moderate buy” rating for the company. Citigroup reissued a “buy” rating on shares of Jeronimo Martins SGPS in a research note on Monday, August 10th. Zacks Research downgraded Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Finally, Kepler Capital Markets upgraded Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Jeronimo Martins SGPS Trading Down 0.4%

The company has a debt-to-equity ratio of 0.14, a current ratio of 0.64 and a quick ratio of 0.35. The firm’s 50 day moving average is $39.31 and its 200 day moving average is $44.15. The company has a market capitalization of $13.13 billion, a PE ratio of 17.76, a P/E/G ratio of 1.67 and a beta of 0.80.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.12. The business had revenue of $10.67 billion during the quarter, compared to analysts’ expectations of $10.74 billion. Jeronimo Martins SGPS had a net margin of 1.73% and a return on equity of 20.03%. As a group, equities analysts predict that Jeronimo Martins SGPS SA will post 2.69 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.