Jeronimo Martins SGPS (OTCMKTS:JRONY) Shares Break Above Two Hundred Day Moving Average – Should You Sell?

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) shares passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $43.56 and traded as high as $43.95. Jeronimo Martins SGPS shares last traded at $43.75, with a volume of 19,383 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on JRONY. Zacks Research lowered shares of Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 7th. Citigroup reissued a “buy” rating on shares of Jeronimo Martins SGPS in a research report on Monday, August 10th. Finally, Jefferies Financial Group upgraded shares of Jeronimo Martins SGPS from a “hold” rating to a “buy” rating in a report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Jeronimo Martins SGPS Stock Up 2.1%

The company has a current ratio of 0.64, a quick ratio of 0.35 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $13.77 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 2.51 and a beta of 0.71. The firm has a 50-day moving average of $40.82 and a two-hundred day moving average of $43.56.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last issued its earnings results on Wednesday, October 28th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. Jeronimo Martins SGPS had a return on equity of 19.74% and a net margin of 1.55%. The firm had revenue of $10.61 billion for the quarter, compared to analysts’ expectations of $10.66 billion. On average, equities research analysts forecast that Jeronimo Martins SGPS SA will post 2.42 EPS for the current year.

About Jeronimo Martins SGPS

Jeronimo Martins SGPS is a Portuguese international food retail group with roots dating to 1792, when Jerónimo Martins opened a grocery shop in Lisbon. Today, the company operates primarily in Portugal, Poland and Colombia.

Its retail businesses include Biedronka, a grocery discount chain in Poland; Pingo Doce supermarkets and Recheio cash-and-carry stores in Portugal; and Ara discount grocery stores in Colombia. The group also operates Hebe, a health and beauty retailer in Poland, and has activities in food production and distribution.

Pedro Soares dos Santos serves as the group’s chairman and chief executive officer.