Jerónimo Martins, SGPS (OTCMKTS:JRONY) Stock Passes Above Fifty Day Moving Average – Here’s Why

Jerónimo Martins, SGPS, S.A. (OTCMKTS:JRONY)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $37.44 and traded as high as $39.81. Jerónimo Martins, SGPS shares last traded at $39.74, with a volume of 15,180 shares traded.

Analyst Upgrades and Downgrades

Separately, BNP Paribas upgraded Jerónimo Martins, SGPS to a “strong sell” rating in a report on Friday, October 18th.

Jerónimo Martins, SGPS Price Performance

The company has a fifty day moving average of $37.44 and a 200-day moving average of $39.52. The firm has a market cap of $12.50 billion, a P/E ratio of 17.90, a P/E/G ratio of 5.64 and a beta of 0.65. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.55 and a quick ratio of 0.30.

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.