Shares of Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 67,692 shares traded hands during trading, an increase of 160% from the previous session’s volume of 26,085 shares.The stock last traded at $9.06 and had previously closed at $8.53.
Wall Street Analyst Weigh In
Separately, Zacks Research raised shares of Sendas Distribuidora from a “strong sell” rating to a “hold” rating in a report on Thursday, March 12th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.
Check Out Our Latest Stock Analysis on ASAIY
Sendas Distribuidora Trading Up 6.9%
Sendas Distribuidora (OTCMKTS:ASAIY – Get Free Report) last released its earnings results on Monday, April 27th. The company reported $999.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $998.97. The business had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.63 billion. Sendas Distribuidora had a net margin of 0.91% and a return on equity of 7.42%. Research analysts anticipate that Sendas Distribuidora S.A. Sponsored ADR will post 0.54 earnings per share for the current fiscal year.
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.
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