Sendas Distribuidora (OTCMKTS:ASAIY) Trading Down 5.8% – Time to Sell?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s stock price traded down 5.8% during trading on Friday . The stock traded as low as $7.86 and last traded at $7.86. Approximately 2,781 shares changed hands during trading, a decline of 90% from the average session volume of 28,453 shares. The stock had previously closed at $8.34.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered Sendas Distribuidora from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Sendas Distribuidora Stock Down 5.3%

The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 16.45, a price-to-earnings-growth ratio of 0.14 and a beta of 0.66. The firm’s 50 day moving average is $8.20 and its 200 day moving average is $8.49.

Sendas Distribuidora (OTCMKTS:ASAIY) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.10. Sendas Distribuidora had a net margin of 0.91% and a return on equity of 7.42%. On average, sell-side analysts predict that Sendas Distribuidora S.A. Sponsored ADR will post 1.25 earnings per share 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.