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

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) gapped up before the market opened on Friday . The stock had previously closed at $8.23, but opened at $8.62. Sendas Distribuidora shares last traded at $8.61, with a volume of 24,876 shares changing hands.

Analysts Set New Price Targets

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

Sendas Distribuidora Stock Performance

The stock’s 50 day moving average is $8.47 and its 200 day moving average is $8.30. The company has a market capitalization of $2.33 billion, a PE ratio of 17.92, a PEG ratio of 0.22 and a beta of 0.65.

Sendas Distribuidora (OTCMKTS:ASAIY) last released its quarterly earnings data on Monday, April 27th. The company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. The business had revenue of $3.54 billion during 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%. On average, equities research analysts forecast that Sendas Distribuidora S.A. Sponsored ADR will post 0.77 EPS for the current fiscal year.

Sendas Distribuidora Company Profile

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.