Jeronimo Martins SGPS (OTCMKTS:JRONY) Sees Unusually-High Trading Volume – Time to Buy?

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) shares saw unusually-high trading volume on Tuesday . Approximately 26,878 shares changed hands during mid-day trading, an increase of 68% from the previous session’s volume of 16,024 shares.The stock last traded at $42.70 and had previously closed at $43.5740.

Jeronimo Martins SGPS Price Performance

The company has a market cap of $13.36 billion, a price-to-earnings ratio of 17.99, a P/E/G ratio of 1.52 and a beta of 0.84. The company has a current ratio of 0.58, a quick ratio of 0.33 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $48.49 and a 200 day moving average price of $48.61.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last announced its 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). Jeronimo Martins SGPS had a return on equity of 21.29% and a net margin of 1.75%.The company had revenue of $10.42 billion for the quarter, compared to analyst estimates of $10.40 billion. As a group, research analysts expect that Jeronimo Martins SGPS SA will post 2.93 earnings per share 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.