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

Jeronimo Martins SGPS SA (OTCMKTS:JRONY)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $49.54 and traded as low as $48.12. Jeronimo Martins SGPS shares last traded at $48.56, with a volume of 3,348 shares traded.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded shares of Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy”.

Jeronimo Martins SGPS Stock Up 1.1%

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 has a market cap of $15.28 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 1.43 and a beta of 0.89. The firm’s 50-day simple moving average is $49.54 and its two-hundred day simple moving average is $48.77.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last posted its quarterly earnings data on Friday, August 1st. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.08. The firm had revenue of $10.23 billion during the quarter, compared to analysts’ expectations of $10.30 billion. Jeronimo Martins SGPS had a net margin of 1.78% and a return on equity of 20.66%. On average, sell-side analysts expect that Jeronimo Martins SGPS SA will post 2.13 EPS 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.