Sendas Distribuidora (OTCMKTS:ASAIY) Sees Strong Trading Volume – Here’s What Happened

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) saw strong trading volume on Friday . 107,948 shares were traded during trading, an increase of 293% from the previous session’s volume of 27,460 shares.The stock last traded at $7.62 and had previously closed at $7.53.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Citigroup lowered shares of Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 27th. Zacks Research downgraded Sendas Distribuidora from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 11th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

Sendas Distribuidora Stock Down 0.1%

The stock has a 50 day moving average price of $8.12 and a 200 day moving average price of $8.29. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.54 and a current ratio of 1.12. The company has a market capitalization of $2.04 billion, a P/E ratio of 23.50, a PEG ratio of 0.62 and a beta of 0.82.

Sendas Distribuidora (OTCMKTS:ASAIY) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.20). Sendas Distribuidora had a net margin of 0.64% and a return on equity of 8.94%. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.93 billion.

About Sendas Distribuidora

Sendas Distribuidora SA is a Brazilian retail and distribution company that operates in the grocery and consumer goods sector. The company’s core activities include operating retail outlets and managing distribution operations that supply food, beverages, household products and personal-care items to end consumers and commercial customers. Its business model centers on combining in-store retailing with logistics and supply-chain services to move fast‑moving consumer goods across its network.

Product categories handled by Sendas typically include fresh and packaged foods, dairy and frozen goods, beverages, cleaning and household supplies, and health and beauty products.