Jeronimo Martins SGPS (OTCMKTS:JRONY) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Jeronimo Martins SGPS SA (OTCMKTS:JRONYGet Free Report)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $39.35 and traded as high as $40.09. Jeronimo Martins SGPS shares last traded at $40.03, with a volume of 12,933 shares trading hands.

Analyst Ratings Changes

JRONY has been the subject of a number of research reports. Citigroup reissued a “buy” rating on shares of Jeronimo Martins SGPS in a research report on Monday. Barclays restated an “overweight” rating on shares of Jeronimo Martins SGPS in a research report on Friday, July 3rd. Royal Bank Of Canada assumed coverage on Jeronimo Martins SGPS in a research note on Monday, July 6th. They issued a “moderate buy” rating on the stock. Zacks Research cut shares of Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Finally, Kepler Capital Markets raised Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a 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 assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

View Our Latest Stock Report on Jeronimo Martins SGPS

Jeronimo Martins SGPS Stock Up 0.1%

The firm has a market cap of $12.47 billion, a PE ratio of 16.86, a PEG ratio of 1.60 and a beta of 0.80. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.35 and a current ratio of 0.64. The company’s 50-day simple moving average is $39.32 and its two-hundred day simple moving average is $44.79.

Jeronimo Martins SGPS (OTCMKTS:JRONYGet Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.60 by $0.12. The firm had revenue of $10.67 billion during the quarter, compared to the consensus estimate of $10.74 billion. Jeronimo Martins SGPS had a net margin of 1.73% and a return on equity of 20.03%. On average, analysts predict that Jeronimo Martins SGPS SA will post 2.69 earnings per share for the current fiscal year.

Jeronimo Martins SGPS Company Profile

(Get Free Report)

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.

Further Reading

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