Jeronimo Martins SGPS (OTCMKTS:JRONY) Sees Unusually-High Trading Volume – Still a Buy?

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) saw an uptick in trading volume on Wednesday . 46,680 shares traded hands during mid-day trading, an increase of 125% from the previous session’s volume of 20,720 shares.The stock last traded at $40.87 and had previously closed at $40.84.

Analyst Ratings Changes

Several brokerages have recently issued reports on JRONY. Citigroup reiterated a “buy” rating on shares of Jeronimo Martins SGPS in a research report on Monday. Zacks Research upgraded shares of Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 9th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Jeronimo Martins SGPS Stock Up 0.1%

The stock has a market capitalization of $12.86 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 1.39 and a beta of 0.79. The business’s 50-day moving average is $44.96 and its two-hundred day moving average is $47.24. The company has a quick ratio of 0.37, a current ratio of 0.62 and a debt-to-equity ratio of 0.15.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). The business had revenue of $10.42 billion for the quarter, compared to analyst estimates of $10.40 billion. Jeronimo Martins SGPS had a return on equity of 20.82% and a net margin of 1.75%. Equities analysts anticipate that Jeronimo Martins SGPS SA will post 2.91 EPS 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.