Jeronimo Martins SGPS (OTCMKTS:JRONY) Sees Large Volume Increase – Time to Buy?

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) saw an uptick in trading volume on Monday . 14,222 shares traded hands during mid-day trading, an increase of 43% from the previous session’s volume of 9,932 shares.The stock last traded at $46.4880 and had previously closed at $46.7720.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets upgraded shares of Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Jeronimo Martins SGPS has an average rating of “Moderate Buy”.

Jeronimo Martins SGPS Stock Performance

The company has a quick ratio of 0.33, a current ratio of 0.58 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $14.63 billion, a P/E ratio of 20.57, a P/E/G ratio of 1.75 and a beta of 0.91. The business has a fifty day moving average price of $48.81 and a 200-day moving average price of $49.63.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last issued its earnings results 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. The business had revenue of $10.66 billion during the quarter, compared to analyst estimates of $10.61 billion. Jeronimo Martins SGPS had a return on equity of 21.15% and a net margin of 1.83%. On average, sell-side analysts expect 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.