Jeronimo Martins SGPS (OTCMKTS:JRONY) Shares Pass Below Fifty Day Moving Average – Here’s Why

Jeronimo Martins SGPS SA (OTCMKTS:JRONY)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $48.88 and traded as low as $48.67. Jeronimo Martins SGPS shares last traded at $48.80, with a volume of 2,915 shares traded.

Analyst Ratings Changes

Separately, BNP Paribas upgraded shares of Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a research report on Friday, May 9th.

Jeronimo Martins SGPS Stock Performance

The stock’s 50-day simple moving average is $48.88 and its 200-day simple moving average is $43.53. The stock has a market cap of $15.35 billion, a price-to-earnings ratio of 22.70, a price-to-earnings-growth ratio of 1.38 and a beta of 0.84. The company has a current ratio of 0.61, a quick ratio of 0.36 and a debt-to-equity ratio of 0.16.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last announced its earnings results on Wednesday, May 7th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. Jeronimo Martins SGPS had a net margin of 1.87% and a return on equity of 20.41%. The firm had revenue of $8.81 billion for the quarter, compared to analyst estimates of $9.19 billion. Analysts forecast that Jeronimo Martins SGPS SA will post 2.13 earnings per share for the current fiscal year.

Jeronimo Martins SGPS Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 30th. Shareholders of record on Tuesday, May 20th were paid a dividend of $0.8932 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a yield of 1.83%. Jeronimo Martins SGPS’s payout ratio is 36.74%.

Jeronimo Martins SGPS Company Profile

Jerónimo Martins, SGPS, SA operates in the food distribution and specialized retail sectors in Portugal, Poland, and Colombia. The company operates through Portugal Retail; Portugal Cash & Carry; Poland Retail; Colombia Retail; and Others, Eliminations and Adjustments segments. It operates food stores under the Biedronka name; and a chain of health and beauty stores under the Hebe banner in Poland, as well as food stores under the Ara name in Colombia.