Jerónimo Martins, SGPS (OTCMKTS:JRONY) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Jerónimo Martins, SGPS, S.A. (OTCMKTS:JRONY)’s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $38.55 and traded as low as $37.43. Jerónimo Martins, SGPS shares last traded at $37.47, with a volume of 16,088 shares trading hands.

Analyst Ratings Changes

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

Jerónimo Martins, SGPS Price Performance

The business has a 50-day moving average of $38.55 and a 200 day moving average of $38.15. The company has a current ratio of 0.55, a quick ratio of 0.30 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $11.79 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 10.73 and a beta of 0.65.

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

Jerónimo Martins, SGPS Company Profile

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.