Jerónimo Martins, SGPS (OTCMKTS:JRONY) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Jerónimo Martins, SGPS, S.A. (OTCMKTS:JRONY) crossed below its fifty day moving average during trading on Friday . The stock has a fifty 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 raised shares of Jerónimo Martins, SGPS to a “strong sell” rating in a report on Friday, October 18th.

Jerónimo Martins, SGPS Stock Performance

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 firm has a market cap of $11.79 billion, a PE ratio of 16.88, a PEG ratio of 10.73 and a beta of 0.65. The business has a 50-day simple moving average of $38.55 and a 200 day simple moving average of $38.13.

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. The company 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%. Equities research 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.