Jeronimo Martins SGPS (OTCMKTS:JRONY) Sets New 52-Week Low – Should You Sell?

Jeronimo Martins SGPS SA (OTCMKTS:JRONY – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $41.02 and last traded at $41.03, with a volume of 8055 shares traded. The stock had previously closed at $41.5220.

Analysts Set New Price Targets

Separately, Zacks Research cut Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

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Jeronimo Martins SGPS Trading Down 1.7%

The business has a fifty day moving average of $46.02 and a 200-day moving average of $47.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.33 and a current ratio of 0.58. The company has a market capitalization of $12.84 billion, a P/E ratio of 17.29, a PEG ratio of 1.40 and a beta of 0.79.

Jeronimo Martins SGPS (OTCMKTS:JRONY – Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $10.40 billion. Analysts anticipate that Jeronimo Martins SGPS SA will post 2.91 earnings per share for the current fiscal year.

Jeronimo Martins SGPS Company Profile

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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.

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