Jeronimo Martins SGPS (OTCMKTS:JRONY) Sees Strong Trading Volume – Here’s What Happened

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) shares saw unusually-high trading volume on Monday . Approximately 43,579 shares traded hands during mid-day trading, an increase of 142% from the previous session’s volume of 18,035 shares.The stock last traded at $43.81 and had previously closed at $42.96.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a research note 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 given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Jeronimo Martins SGPS Trading Up 1.3%

The company has a market cap of $13.69 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.45 and a beta of 0.84. The company’s 50 day simple moving average is $47.81 and its two-hundred day simple moving average is $48.49. 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 quarterly earnings data on Wednesday, May 6th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.04). The company had revenue of $10.42 billion during the quarter, compared to analyst estimates of $10.40 billion. Jeronimo Martins SGPS had a return on equity of 21.29% and a net margin of 1.75%. As a group, sell-side analysts anticipate that Jeronimo Martins SGPS SA will post 2.91 EPS 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.