Jeronimo Martins SGPS (OTCMKTS:JRONY) Shares Gap Down – What’s Next?

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) shares gapped down prior to trading on Friday . The stock had previously closed at $49.56, but opened at $47.3090. Jeronimo Martins SGPS shares last traded at $47.29, with a volume of 1,070 shares changing hands.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets raised shares of Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a report 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Jeronimo Martins SGPS Stock Performance

The company has a quick ratio of 0.31, a current ratio of 0.57 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $14.84 billion, a price-to-earnings ratio of 20.87, a P/E/G ratio of 1.46 and a beta of 0.88. The stock has a 50 day simple moving average of $48.98 and a 200 day simple moving average of $49.71.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. The business had revenue of $10.66 billion during the quarter, compared to the consensus estimate of $10.61 billion. Jeronimo Martins SGPS had a net margin of 1.83% and a return on equity of 21.70%. As a group, analysts anticipate that Jeronimo Martins SGPS SA will post 2.13 earnings per share for the current fiscal year.

About Jeronimo Martins SGPS

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.