Jeronimo Martins SGPS (OTCMKTS:JRONY) Sets New 1-Year Low – Should You Sell?

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) shares hit a new 52-week low on Friday . The company traded as low as $41.02 and last traded at $41.03, with a volume of 8055 shares. The stock had previously closed at $41.5220.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Jeronimo Martins SGPS Trading Down 1.8%

The firm’s 50 day moving average price is $45.89 and its 200-day moving average price is $47.68. The stock has a market cap of $12.83 billion, a P/E ratio of 17.28, a P/E/G ratio of 1.38 and a beta of 0.79. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.58 and a quick ratio of 0.33.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last issued its earnings results on Wednesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.04). The firm had revenue of $10.42 billion during the quarter, compared to the consensus estimate of $10.40 billion. Jeronimo Martins SGPS had a return on equity of 20.82% and a net margin of 1.75%. As a group, equities research analysts forecast that Jeronimo Martins SGPS SA will post 2.91 earnings per share for the current year.

Jeronimo Martins SGPS Company Profile

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.