Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Down – What’s Next?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) gapped down prior to trading on Thursday. The stock had previously closed at $12.87, but opened at $12.10. Sendas Distribuidora shares last traded at $12.67, with a volume of 4,419 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Sendas Distribuidora from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Sendas Distribuidora presently has a consensus rating of “Hold”.

Sendas Distribuidora Price Performance

The firm has a market capitalization of $3.47 billion, a PE ratio of 18.29, a P/E/G ratio of 0.19 and a beta of 0.66. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.61 and a current ratio of 1.12. The stock has a fifty day moving average price of $9.04 and a 200-day moving average price of $8.74.

Sendas Distribuidora (OTCMKTS:ASAIY) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.36 earnings per share 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%. Sell-side analysts forecast that Sendas Distribuidora S.A. Sponsored ADR will post 1.28 EPS for the current fiscal 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.