Jeronimo Martins SGPS (OTCMKTS:JRONY) Sets New 52-Week Low – Should You Sell?

Jeronimo Martins SGPS SA (OTCMKTS:JRONY)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $41.02 and last traded at $41.03, with a volume of 8055 shares changing hands. The stock had previously closed at $41.5220.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Jeronimo Martins SGPS Price Performance

The firm has a market cap of $12.84 billion, a price-to-earnings ratio of 17.29, a P/E/G ratio of 1.40 and a beta of 0.79. The business’s 50-day simple moving average is $46.02 and its two-hundred day simple moving average is $47.73. The company has a current ratio of 0.58, a quick ratio of 0.33 and a debt-to-equity ratio of 0.13.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last released its earnings results on Wednesday, May 6th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). The firm had revenue of $10.42 billion for the quarter, compared to analyst estimates 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, research analysts expect that Jeronimo Martins SGPS SA will post 2.91 EPS for the current fiscal 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.