Jerónimo Martins, SGPS (OTCMKTS:JRONY) Share Price Passes Above 50-Day Moving Average – Here’s Why

Jerónimo Martins, SGPS, S.A. (OTCMKTS:JRONY)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $42.68 and traded as high as $44.58. Jerónimo Martins, SGPS shares last traded at $44.58, with a volume of 5,566 shares traded.

Jerónimo Martins, SGPS Stock Up 3.0 %

The company has a market cap of $14.45 billion, a PE ratio of 20.69, a P/E/G ratio of 15.69 and a beta of 0.78. The stock has a 50-day moving average of $42.79 and a 200-day moving average of $39.97. The company has a quick ratio of 0.30, a current ratio of 0.56 and a debt-to-equity ratio of 0.11.

Jerónimo Martins, SGPS (OTCMKTS:JRONY) last issued its quarterly earnings results on Wednesday, March 19th. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Jerónimo Martins, SGPS had a net margin of 1.94% and a return on equity of 21.07%. Sell-side analysts predict that Jerónimo Martins, SGPS, S.A. will post 2.13 earnings per share 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.