Jerónimo Martins, SGPS (OTCMKTS:JRONY) Stock Price Passes Above 50-Day Moving Average – What’s Next?

Shares of Jerónimo Martins, SGPS, S.A. (OTCMKTS:JRONY) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $38.47 and traded as high as $38.48. Jerónimo Martins, SGPS shares last traded at $38.27, with a volume of 6,368 shares trading hands.

Analysts Set New Price Targets

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

Jerónimo Martins, SGPS Stock Up 0.5 %

The company has a market capitalization of $12.04 billion, a P/E ratio of 17.24, a P/E/G ratio of 10.73 and a beta of 0.65. The company has a quick ratio of 0.30, a current ratio of 0.55 and a debt-to-equity ratio of 0.11. The firm has a fifty day simple moving average of $38.47 and a 200-day simple moving average of $38.31.

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