Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Down – Time to Sell?

Shares of Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) gapped down before the market opened on Thursday . The stock had previously closed at $10.35, but opened at $9.81. Sendas Distribuidora shares last traded at $9.6650, with a volume of 3,752 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Sendas Distribuidora from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 12th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Sendas Distribuidora has a consensus rating of “Hold”.

Sendas Distribuidora Price Performance

The company has a market cap of $2.57 billion, a price-to-earnings ratio of 29.72 and a beta of 0.80. The company has a current ratio of 1.12, a quick ratio of 0.54 and a debt-to-equity ratio of 4.32. The business has a 50-day moving average price of $8.65 and a 200 day moving average price of $8.13.

Sendas Distribuidora (OTCMKTS:ASAIY) last issued its earnings results on Wednesday, February 11th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.20). Sendas Distribuidora had a return on equity of 8.94% and a net margin of 0.64%.The company had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.93 billion.

Sendas Distribuidora Company Profile

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.