Jeronimo Martins SGPS (OTCMKTS:JRONY) Sees Unusually-High Trading Volume – What’s Next?

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) shares saw strong trading volume on Wednesday . 25,776 shares were traded during mid-day trading, an increase of 7% from the previous session’s volume of 24,166 shares.The stock last traded at $39.49 and had previously closed at $40.03.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Citigroup reiterated a “buy” rating on shares of Jeronimo Martins SGPS in a report on Monday. Kepler Capital Markets raised Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 8th. Zacks Research downgraded Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Barclays reiterated an “overweight” rating on shares of Jeronimo Martins SGPS in a research report on Friday, July 3rd. Finally, Royal Bank Of Canada started coverage on Jeronimo Martins SGPS in a research note on Monday, July 6th. They issued a “moderate buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Jeronimo Martins SGPS Stock Performance

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 stock’s 50 day moving average price is $39.32 and its 200 day moving average price is $44.79. The company has a market capitalization of $12.47 billion, a P/E ratio of 16.86, a price-to-earnings-growth ratio of 1.60 and a beta of 0.80.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last announced its earnings results on Wednesday, July 29th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.12. The business had revenue of $10.67 billion during the quarter, compared to the consensus estimate of $10.74 billion. Jeronimo Martins SGPS had a net margin of 1.73% and a return on equity of 20.03%. As a group, equities analysts expect that Jeronimo Martins SGPS SA will post 2.69 EPS for the current year.

About Jeronimo Martins SGPS

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.