Jeronimo Martins SGPS (OTCMKTS:JRONY) Stock Passes Below 50 Day Moving Average - What's Next?

Key Points

• Jeronimo Martins SGPS stock fell below its 50-day moving average of $49.54, trading at $48.56 with a recent low of $48.12.
• Citigroup upgraded the stock from a "hold" to a "strong-buy" rating, with a consensus rating of "Buy" from research analysts.
• The company reported earnings of $0.70 per share for the quarter, exceeding the estimated $0.62 and had a market capitalization of $15.28 billion.

Jeronimo Martins SGPS SA (OTCMKTS:JRONY - Get Free Report) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $49.54 and traded as low as $48.12. Jeronimo Martins SGPS shares last traded at $48.56, with a volume of 3,348 shares.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised shares of Jeronimo Martins SGPS from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 1st. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy".

Jeronimo Martins SGPS Stock Performance

The company has a market capitalization of $15.28 billion, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 1.43 and a beta of 0.89. The firm has a 50 day moving average price of $49.54 and a two-hundred day moving average price of $48.77. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.31 and a current ratio of 0.57.

Jeronimo Martins SGPS (OTCMKTS:JRONY - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.08. Jeronimo Martins SGPS had a return on equity of 20.66% and a net margin of 1.78%.The company had revenue of $10.23 billion for the quarter, compared to analyst estimates of $10.30 billion. On average, research analysts expect that Jeronimo Martins SGPS SA will post 2.13 earnings per share for the current fiscal 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.

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