Jeronimo Martins SGPS (OTCMKTS:JRONY) Shares Cross Below Fifty Day Moving Average - Here's What Happened

Jeronimo Martins SGPS SA (OTCMKTS:JRONY - Get Free Report) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $48.88 and traded as low as $48.67. Jeronimo Martins SGPS shares last traded at $48.80, with a volume of 2,915 shares changing hands.

Analyst Upgrades and Downgrades

Separately, BNP Paribas raised shares of 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 0.9%

The firm's 50-day moving average price is $49.09 and its 200 day moving average price is $43.73. The firm has a market capitalization of $15.27 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 1.35 and a beta of 0.84. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.60 and a quick ratio of 0.36.

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

Jeronimo Martins SGPS Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 30th. Investors of record on Tuesday, May 20th were issued a $0.8932 dividend. The ex-dividend date was Monday, May 19th. This represents a dividend yield of 1.83%. Jeronimo Martins SGPS's dividend payout ratio (DPR) is presently 36.28%.

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.