Jeronimo Martins SGPS (OTCMKTS:JRONY) Shares Pass Below 50-Day Moving Average – Time to Sell?

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $46.72 and traded as low as $43.4070. Jeronimo Martins SGPS shares last traded at $43.4070, with a volume of 24,311 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded 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 stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Jeronimo Martins SGPS Trading Up 0.4%

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 business has a fifty day simple moving average of $46.72 and a 200 day simple moving average of $48.11. The company has a market cap of $13.66 billion, a P/E ratio of 18.39, a P/E/G ratio of 1.46 and a beta of 0.84.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last released 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 return on equity of 21.29% and a net margin of 1.75%.The firm had revenue of $10.42 billion for 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.

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.