Jeronimo Martins SGPS (OTCMKTS:JRONY) Stock Passes Below Fifty Day Moving Average - Here's Why

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Jeronimo Martins SGPS SA (OTCMKTS:JRONY - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $50.33 and traded as low as $48.70. Jeronimo Martins SGPS shares last traded at $48.77, with a volume of 5,772 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. 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. Citigroup raised shares of Jeronimo Martins SGPS from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, Jeronimo Martins SGPS currently has a consensus rating of "Buy".

Jeronimo Martins SGPS Price Performance

The company's 50 day moving average price is $50.32 and its 200-day moving average price is $47.44. The stock has a market cap of $15.41 billion, a P/E ratio of 22.99, a P/E/G ratio of 1.46 and a beta of 0.86. The company has a quick ratio of 0.33, a current ratio of 0.60 and a debt-to-equity ratio of 0.15.

Jeronimo Martins SGPS (OTCMKTS:JRONY - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.08. The firm had revenue of $10.23 billion during the quarter, compared to the consensus estimate of $10.30 billion. Jeronimo Martins SGPS had a net margin of 1.78% and a return on equity of 20.75%. As a group, sell-side analysts expect that Jeronimo Martins SGPS SA will post 2.13 earnings per share 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.