Sendas Distribuidora (OTCMKTS:ASAIY) Sees Large Volume Increase – Should You Buy?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shares saw an uptick in trading volume on Wednesday . Approximately 47,383 shares were traded during trading, an increase of 76% from the previous session’s volume of 26,925 shares.The stock last traded at $8.42 and had previously closed at $8.42.

Analysts Set New Price Targets

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

Sendas Distribuidora Price Performance

The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 0.23 and a beta of 0.68. The company has a fifty day simple moving average of $8.64 and a two-hundred day simple moving average of $8.24. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.54 and a current ratio of 1.12.

Sendas Distribuidora (OTCMKTS:ASAIY) last posted its quarterly earnings results on Monday, April 27th. The company reported $999.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $998.97. The business had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.63 billion. Sendas Distribuidora had a net margin of 0.91% and a return on equity of 7.42%. As a group, equities research analysts expect that Sendas Distribuidora S.A. Sponsored ADR will post 0.77 earnings per share for the current fiscal 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.