Jeronimo Martins SGPS (OTCMKTS:JRONY) Stock Price Passes Below 50-Day Moving Average – What’s Next?

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $46.02 and traded as low as $41.09. Jeronimo Martins SGPS shares last traded at $41.5220, with a volume of 27,041 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Jeronimo Martins SGPS Stock Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.33 and a current ratio of 0.58. The company’s fifty day simple moving average is $45.89 and its two-hundred day simple moving average is $47.68. The company has a market capitalization of $12.83 billion, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 1.41 and a beta of 0.79.

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