Jeronimo Martins SGPS (OTCMKTS:JRONY) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Jeronimo Martins SGPS SA (OTCMKTS:JRONY)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $49.22 and traded as high as $50.8020. Jeronimo Martins SGPS shares last traded at $50.61, with a volume of 2,628 shares traded.

Analyst Ratings Changes

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 investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Jeronimo Martins SGPS presently has a consensus rating of “Moderate Buy”.

Jeronimo Martins SGPS Price Performance

The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.31 and a current ratio of 0.57. The stock’s 50 day simple moving average is $49.22 and its two-hundred day simple moving average is $49.68. The firm has a market capitalization of $15.92 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 1.46 and a beta of 0.88.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. Jeronimo Martins SGPS had a return on equity of 21.70% and a net margin of 1.83%.The company had revenue of $10.66 billion for the quarter, compared to analyst estimates of $10.61 billion. On average, sell-side analysts forecast that Jeronimo Martins SGPS SA will post 2.13 EPS for the current 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.