Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Up – Should You Buy?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s share price gapped up prior to trading on Friday. The stock had previously closed at $12.09, but opened at $13.60. Sendas Distribuidora shares last traded at $13.46, with a volume of 2,223 shares.

Analysts Set New Price Targets

Separately, Zacks Research raised Sendas Distribuidora from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Sendas Distribuidora presently has an average rating of “Hold”.

Sendas Distribuidora Stock Performance

The business’s 50 day simple moving average is $9.13 and its two-hundred day simple moving average is $8.78. The firm has a market capitalization of $3.64 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 0.18 and a beta of 0.66. The company has a current ratio of 1.12, a quick ratio of 0.61 and a debt-to-equity ratio of 3.83.

Sendas Distribuidora (OTCMKTS:ASAIY) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.10. Sendas Distribuidora had a return on equity of 12.02% and a net margin of 1.27%. Research analysts expect that Sendas Distribuidora S.A. Sponsored ADR will post 1.28 earnings per share for the current fiscal year.

Sendas Distribuidora Company Profile

Sendas Distribuidora SA, operating under the Assaí Atacadista brand, is a Brazilian cash-and-carry retailer serving households, small businesses, restaurants and other commercial customers. The company sells a broad range of food, beverages, cleaning supplies, personal-care products and other everyday consumer goods through its wholesale-oriented stores.

Assaí combines retail and wholesale formats, offering products in single units as well as larger packs and case quantities. Its operations are supported by in-store services and digital sales channels intended to serve both consumers and professional customers.