Jeronimo Martins SGPS (OTCMKTS:JRONY) Shares Gap Up – Here’s What Happened

Jeronimo Martins SGPS SA (OTCMKTS:JRONY)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $49.48, but opened at $51.7350. Jeronimo Martins SGPS shares last traded at $51.85, with a volume of 1,538 shares traded.

Analyst Upgrades and Downgrades

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

Jeronimo Martins SGPS Stock Down 1.0%

The stock has a market capitalization of $16.34 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 1.33 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.58 and a quick ratio of 0.33. The business has a fifty day moving average of $48.58 and a 200 day moving average of $48.79.

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.