Jeronimo Martins SGPS (OTCMKTS:JRONY) Stock Passes Below 50 Day Moving Average – Should You Sell?

Shares of Jeronimo Martins SGPS SA (OTCMKTS:JRONY) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $46.02 and traded as low as $41.09. Jeronimo Martins SGPS shares last traded at $41.5220, with a volume of 27,041 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Jeronimo Martins SGPS Stock Up 0.6%

The company has a debt-to-equity ratio of 0.13, a current ratio of 0.58 and a quick ratio of 0.33. The company’s 50-day simple moving average is $46.02 and its 200 day simple moving average is $47.73. The firm has a market cap of $13.06 billion, a P/E ratio of 17.59, a price-to-earnings-growth ratio of 1.40 and a beta of 0.79.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.04). The business had revenue of $10.42 billion for the quarter, compared to the consensus estimate of $10.40 billion. Jeronimo Martins SGPS had a net margin of 1.75% and a return on equity of 20.82%. Research analysts anticipate that Jeronimo Martins SGPS SA will post 2.91 EPS for the current fiscal year.

Jeronimo Martins SGPS Company Profile

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.