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

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) saw unusually-high trading volume on Wednesday . Approximately 46,680 shares changed hands during 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.

Wall Street Analyst Weigh In

JRONY has been the subject of a number of analyst reports. Zacks Research raised shares of Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 9th. Citigroup restated a “buy” rating on shares of Jeronimo Martins SGPS in a research note on Monday. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Jeronimo Martins SGPS Trading Up 0.1%

The company has a debt-to-equity ratio of 0.15, a current ratio of 0.62 and a quick ratio of 0.37. The company’s fifty day moving average is $44.96 and its 200-day moving average is $47.24. The stock has a market cap of $12.86 billion, a PE ratio of 17.32, a PEG ratio of 1.39 and a beta of 0.79.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last issued its earnings results on Wednesday, May 6th. The company reported $0.44 earnings per share (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 business had revenue of $10.42 billion for the quarter, compared to analysts’ expectations of $10.40 billion. On average, analysts predict that Jeronimo Martins SGPS SA will post 2.91 earnings per share for the current fiscal 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.