Jeronimo Martins SGPS (OTCMKTS:JRONY) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $48.60 and traded as low as $46.72. Jeronimo Martins SGPS shares last traded at $46.86, with a volume of 23,522 shares trading hands.

Analysts Set New Price Targets

Separately, Kepler Capital Markets raised Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Jeronimo Martins SGPS has an average rating of “Moderate Buy”.

Jeronimo Martins SGPS Trading Up 1.2%

The company has a quick ratio of 0.33, a current ratio of 0.58 and a debt-to-equity ratio of 0.13. The business’s fifty day moving average is $48.60 and its two-hundred day moving average is $49.47. The firm has a market cap of $14.74 billion, a price-to-earnings ratio of 20.73, a price-to-earnings-growth ratio of 1.74 and a beta of 0.91.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.02. The firm had revenue of $10.66 billion for the quarter, compared to the consensus estimate of $10.61 billion. Jeronimo Martins SGPS had a return on equity of 21.15% and a net margin of 1.83%. Equities analysts anticipate that Jeronimo Martins SGPS SA will post 2.13 earnings per share for the current fiscal year.

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.