Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Up – Still a Buy?

Shares of Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) gapped up before the market opened on Monday. The stock had previously closed at $12.16, but opened at $13.23. Sendas Distribuidora shares last traded at $13.15, with a volume of 1,954 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Sendas Distribuidora from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Sendas Distribuidora Stock Up 5.1%

The company’s 50-day simple moving average is $9.67 and its two-hundred day simple moving average is $8.99. The firm has a market capitalization of $3.58 billion, a P/E ratio of 18.87, a P/E/G ratio of 0.18 and a beta of 0.66. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.12 and a quick ratio of 0.61.

Sendas Distribuidora (OTCMKTS:ASAIY) last released its earnings results on Thursday, August 6th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.10. Sendas Distribuidora had a net margin of 1.27% and a return on equity of 12.02%. As a group, research analysts expect that Sendas Distribuidora S.A. Sponsored ADR will post 1.30 earnings per share 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.