Jeronimo Martins SGPS (OTCMKTS:JRONY) Stock Price Crosses Below Fifty Day Moving Average After Analyst Downgrade

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) shares crossed below its fifty day moving average during trading on Thursday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The stock has a fifty day moving average of $40.68 and traded as low as $38.40. Jeronimo Martins SGPS shares last traded at $38.59, with a volume of 41,976 shares traded.

Several other brokerages have also issued reports on JRONY. Citigroup reaffirmed a “buy” rating on shares of Jeronimo Martins SGPS in a research report on Monday, August 10th. Barclays restated an “overweight” rating on shares of Jeronimo Martins SGPS in a research note on Friday, July 3rd. Jefferies Financial Group raised shares of Jeronimo Martins SGPS from a “hold” rating to a “buy” rating in a research report on Monday, September 21st. Kepler Capital Markets raised shares of Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Royal Bank Of Canada started coverage on Jeronimo Martins SGPS in a report on Monday, July 6th. They set a “moderate buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Jeronimo Martins SGPS has a consensus rating of “Moderate Buy”.

Jeronimo Martins SGPS Trading Down 0.5%

The company’s 50 day simple moving average is $40.65 and its two-hundred day simple moving average is $42.16. The company has a market cap of $12.08 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 1.77 and a beta of 0.77. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.64 and a quick ratio of 0.35.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last posted its earnings results on Wednesday, July 29th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.12. The firm had revenue of $10.67 billion for the quarter, compared to analyst estimates of $10.74 billion. Jeronimo Martins SGPS had a return on equity of 20.03% and a net margin of 1.73%. As a group, sell-side analysts anticipate that Jeronimo Martins SGPS SA will post 2.53 EPS for the current fiscal year.

Jeronimo Martins SGPS Company Profile

Jeronimo Martins, SGPS, SA is a Portugal-based international food retail and distribution group. Founded in 1792, the company operates primarily through grocery retail, cash-and-carry distribution, and specialized retail businesses serving consumers and professional customers.

Its principal retail brand in Portugal is Pingo Doce, a supermarket chain offering food, beverages, household products, and related services. The group also operates Recheio, a cash-and-carry business that supplies restaurants, hotels, and other professional customers.