Jerónimo Martins, SGPS (OTCMKTS:JRONY) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Jerónimo Martins, SGPS, S.A. (OTCMKTS:JRONY) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $38.94 and traded as high as $40.19. Jerónimo Martins, SGPS shares last traded at $40.18, with a volume of 3,334 shares trading hands.

Analysts Set New Price Targets

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

Jerónimo Martins, SGPS Stock Up 3.3 %

The company has a quick ratio of 0.30, a current ratio of 0.56 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $13.06 billion, a P/E ratio of 18.69, a price-to-earnings-growth ratio of 15.24 and a beta of 0.66. The company has a 50-day moving average of $39.01 and a two-hundred day moving average of $38.00.

Jerónimo Martins, SGPS Company Profile

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.