Jeronimo Martins SGPS (OTCMKTS:JRONY) Sees Unusually-High Trading Volume – Here’s Why

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) shares saw an uptick in trading volume on Friday . Approximately 41,072 shares changed hands during mid-day trading, an increase of 87% from the previous session’s volume of 21,995 shares.The stock last traded at $37.33 and had previously closed at $37.67.

Analyst Upgrades and Downgrades

Several research analysts have commented on JRONY shares. Royal Bank Of Canada began coverage on Jeronimo Martins SGPS in a research report on Monday, July 6th. They set a “moderate buy” rating on the stock. Kepler Capital Markets raised shares of Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Barclays reissued an “overweight” rating on shares of Jeronimo Martins SGPS in a research report on Friday, July 3rd. Citigroup reaffirmed a “buy” rating on shares of Jeronimo Martins SGPS in a research note on Monday, June 15th. Finally, Zacks Research cut shares of Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Jeronimo Martins SGPS Stock Down 0.9%

The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.37 and a current ratio of 0.62. The company has a market capitalization of $11.74 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 1.33 and a beta of 0.82. The firm’s 50-day simple moving average is $41.40 and its 200 day simple moving average is $46.19.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). The company had revenue of $10.42 billion during the quarter, compared to analysts’ expectations of $10.40 billion. Jeronimo Martins SGPS had a net margin of 1.75% and a return on equity of 20.82%. As a group, equities research analysts forecast that Jeronimo Martins SGPS SA will post 2.78 earnings per share for the current year.

About Jeronimo Martins SGPS

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.