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

Shares of Jeronimo Martins SGPS SA (OTCMKTS:JRONY) saw an uptick in trading volume on Thursday . 61,759 shares traded hands during trading, an increase of 497% from the previous session’s volume of 10,352 shares.The stock last traded at $47.60 and had previously closed at $47.10.

Analysts Set New Price Targets

Separately, Kepler Capital Markets upgraded Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Jeronimo Martins SGPS Stock Up 1.2%

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 company has a market cap of $15.00 billion, a price-to-earnings ratio of 21.10, a P/E/G ratio of 1.77 and a beta of 0.91. The stock has a fifty day moving average price of $48.54 and a two-hundred day moving average price of $49.43.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.77 by $0.02. Jeronimo Martins SGPS had a net margin of 1.83% and a return on equity of 21.15%. The business had revenue of $10.66 billion during the quarter, compared to the consensus estimate of $10.61 billion. As a group, sell-side analysts expect that Jeronimo Martins SGPS SA will post 2.13 EPS for the current year.

Jeronimo Martins SGPS Company Profile

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.