Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Down – Should You Sell?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY – Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $8.34, but opened at $7.88. Sendas Distribuidora shares last traded at $7.88, with a volume of 1,134 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Sendas Distribuidora from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Get Sendas Distribuidora alerts:

Get Our Latest Research Report on Sendas Distribuidora

Sendas Distribuidora Stock Down 1.1%

The company has a market capitalization of $2.15 billion, a PE ratio of 11.34, a price-to-earnings-growth ratio of 0.13 and a beta of 0.66. The firm’s 50-day moving average is $8.18 and its 200-day moving average is $8.50.

Sendas Distribuidora (OTCMKTS:ASAIY – Get Free Report) last posted its quarterly earnings data 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 12.64% and a net margin of 1.27%. As a group, equities research analysts predict that Sendas Distribuidora S.A. Sponsored ADR will post 1.25 EPS for the current year.

Sendas Distribuidora Company Profile

(Get Free Report)

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.

Read More

• Five stocks we like better than Sendas Distribuidora
• 3 Dividend Champion Utilities for a Market That Can’t Sit Still
• These 3 Most-Upgraded Stocks Have Almost Nothing to Do With AI
• First Solar’s Profit Engine Faces a New Policy Test in Washington
• 5 Stocks the Market Rewarded After Strong Earnings Results

Receive News & Ratings for Sendas Distribuidora Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sendas Distribuidora and related companies with MarketBeat.com's FREE daily email newsletter.