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

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shares gapped up prior to trading on Thursday. The stock had previously closed at $10.03, but opened at $10.58. Sendas Distribuidora shares last traded at $10.59, with a volume of 1,203 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded 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, the stock has an average rating of “Hold”.

Sendas Distribuidora Stock Performance

The company has a debt-to-equity ratio of 3.83, a current ratio of 1.12 and a quick ratio of 0.61. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 0.15 and a beta of 0.66. The company has a fifty day moving average price of $8.63 and a two-hundred day moving average price of $8.58.

Sendas Distribuidora (OTCMKTS:ASAIY) last released its earnings results on Thursday, August 6th. The company reported $0.36 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts expect that Sendas Distribuidora S.A. Sponsored ADR will post 1.28 EPS for the current 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.