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

Shares of Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) gapped up prior to trading on Wednesday . The stock had previously closed at $8.05, but opened at $8.77. Sendas Distribuidora shares last traded at $8.64, with a volume of 990 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research cut Sendas Distribuidora from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Sendas Distribuidora currently has an average rating of “Reduce”.

Sendas Distribuidora Trading Down 1.6%

The firm has a market capitalization of $2.32 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 0.13 and a beta of 0.66. The business’s 50 day simple moving average is $8.07 and its two-hundred day simple moving average is $8.49.

Sendas Distribuidora (OTCMKTS:ASAIY) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.10. Sendas Distribuidora had a return on equity of 12.64% and a net margin of 1.27%. As a group, equities research analysts anticipate 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.