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

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $40.25 and traded as high as $40.88. Jeronimo Martins SGPS shares last traded at $40.61, with a volume of 18,836 shares.

Wall Street Analyst Weigh In

Several research analysts recently commented on JRONY shares. Citigroup reiterated a “buy” rating on shares of Jeronimo Martins SGPS in a report on Monday, August 10th. Kepler Capital Markets upgraded shares of Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. Royal Bank Of Canada began coverage on Jeronimo Martins SGPS in a research report on Monday, July 6th. They issued a “moderate buy” rating on the stock. Zacks Research upgraded Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 1st. Finally, Barclays reissued an “overweight” rating on shares of Jeronimo Martins SGPS in a research report on Friday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy”.

Jeronimo Martins SGPS Stock Down 2.2%

The firm has a market capitalization of $12.78 billion, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 1.62 and a beta of 0.79. The business has a 50 day moving average of $40.25 and a 200 day moving average of $43.21. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.64 and a quick ratio of 0.35.

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

About Jeronimo Martins SGPS

Jeronimo Martins SGPS, SA is a Portugal-based international food distribution and specialized retail group. The company operates supermarkets, discount stores, cash-and-carry outlets and specialty retail businesses, serving consumers and professional customers through a portfolio of established brands.

In Portugal, Jerónimo Martins operates Pingo Doce supermarkets and Recheio cash-and-carry stores, along with specialty businesses including Hussel confectionery shops and Jeronymo cafés.