Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Up – Here’s What Happened

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) gapped up prior to trading on Wednesday . The stock had previously closed at $8.53, but opened at $9.08. Sendas Distribuidora shares last traded at $9.02, with a volume of 2,444 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded Sendas Distribuidora from a “strong sell” rating to a “hold” rating in a report on Thursday, March 12th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Sendas Distribuidora Stock Down 2.0%

The business has a fifty day moving average of $8.89 and a 200 day moving average of $8.33. The firm has a market cap of $2.43 billion, a P/E ratio of 18.67 and a beta of 0.71. The company has a quick ratio of 0.54, a current ratio of 1.12 and a debt-to-equity ratio of 4.32.

Sendas Distribuidora (OTCMKTS:ASAIY) last released its quarterly earnings data on Monday, April 27th. The company reported $999.00 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $998.97. The business had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $3.63 billion. Sendas Distribuidora had a return on equity of 7.42% and a net margin of 0.91%. On average, equities research analysts predict that Sendas Distribuidora S.A. Sponsored ADR will post 0.57 EPS for the current year.

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.