Jeronimo Martins SGPS (OTCMKTS:JRONY) Sees Large Volume Increase – Here’s What Happened

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) saw strong trading volume on Monday . 41,804 shares traded hands during trading, an increase of 79% from the previous session’s volume of 23,376 shares.The stock last traded at $37.95 and had previously closed at $38.26.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Kepler Capital Markets upgraded Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. Citigroup reaffirmed a “buy” rating on shares of Jeronimo Martins SGPS in a research note on Monday, June 15th. Barclays reissued an “overweight” rating on shares of Jeronimo Martins SGPS in a research report on Friday, July 3rd. Zacks Research cut shares of Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Finally, Royal Bank Of Canada assumed coverage on shares of Jeronimo Martins SGPS in a research note on Monday, July 6th. They issued a “moderate buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Jeronimo Martins SGPS Price Performance

The company’s 50-day simple moving average is $40.32 and its 200 day simple moving average is $45.70. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.35 and a current ratio of 0.64. The company has a market cap of $11.82 billion, a PE ratio of 15.92, a PEG ratio of 1.45 and a beta of 0.82.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.04). The company had revenue of $10.42 billion for the quarter, compared to analysts’ expectations of $10.40 billion. Jeronimo Martins SGPS had a return on equity of 20.28% and a net margin of 1.75%. On average, sell-side analysts predict that Jeronimo Martins SGPS SA will post 2.74 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.