Jeronimo Martins SGPS (OTCMKTS:JRONY) Sees Unusually-High Trading Volume - Should You Buy?

Shares of Jeronimo Martins SGPS SA (OTCMKTS:JRONY - Get Free Report) saw strong trading volume on Wednesday . 46,466 shares were traded during trading, an increase of 270% from the previous session's volume of 12,545 shares.The stock last traded at $52.17 and had previously closed at $52.60.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas upgraded Jeronimo Martins SGPS from a "strong sell" rating to a "hold" rating in a research note on Friday, May 9th.

Jeronimo Martins SGPS Stock Down 0.8%

The stock's fifty day moving average is $49.42 and its two-hundred day moving average is $44.25. The company has a current ratio of 0.60, a quick ratio of 0.33 and a debt-to-equity ratio of 0.15. The firm has a market cap of $16.42 billion, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 1.41 and a beta of 0.83.

Jeronimo Martins SGPS (OTCMKTS:JRONY - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.05. Jeronimo Martins SGPS had a return on equity of 20.07% and a net margin of 1.87%. The firm had revenue of $8.81 billion during the quarter, compared to analysts' expectations of $9.19 billion. As a group, research analysts anticipate that Jeronimo Martins SGPS SA will post 2.13 earnings per share for the current year.

Jeronimo Martins SGPS Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, May 30th. Investors of record on Tuesday, May 20th were paid a $0.8932 dividend. This represents a yield of 1.83%. The ex-dividend date of this dividend was Monday, May 19th. Jeronimo Martins SGPS's payout ratio is 36.74%.

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.

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