Jerónimo Martins, SGPS (OTCMKTS:JRONY) Shares Pass Above 50 Day Moving Average – What’s Next?

Shares of Jerónimo Martins, SGPS, S.A. (OTCMKTS:JRONY) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $38.27 and traded as high as $39.50. Jerónimo Martins, SGPS shares last traded at $39.20, with a volume of 46,518 shares changing hands.

Analyst Upgrades and Downgrades

Separately, BNP Paribas upgraded Jerónimo Martins, SGPS to a “strong sell” rating in a report on Friday, October 18th.

Jerónimo Martins, SGPS Trading Down 0.2 %

The firm has a market cap of $12.33 billion, a PE ratio of 17.66, a PEG ratio of 10.78 and a beta of 0.65. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.55 and a quick ratio of 0.30. The business has a 50-day moving average price of $38.27 and a two-hundred day moving average price of $38.86.

Jerónimo Martins, SGPS (OTCMKTS:JRONY) last posted its earnings results on Wednesday, October 30th. The company reported $0.66 earnings per share for the quarter. The firm had revenue of $9.31 billion during the quarter. Jerónimo Martins, SGPS had a net margin of 1.94% and a return on equity of 21.25%. Analysts forecast that Jerónimo Martins, SGPS, S.A. will post 2.2 EPS for the current year.

About Jerónimo Martins, SGPS

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.