Shares of Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY – Get Free Report) saw strong trading volume on Wednesday . 71,099 shares were traded during trading, an increase of 161% from the previous session’s volume of 27,231 shares.The stock last traded at $8.9196 and had previously closed at $8.13.
Analyst Ratings Changes
Separately, Zacks Research raised Sendas Distribuidora from a “strong sell” rating to a “hold” rating in a research report on Monday. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.
Check Out Our Latest Analysis on ASAIY
Sendas Distribuidora Stock Performance
Sendas Distribuidora (OTCMKTS:ASAIY – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.10. Sendas Distribuidora had a net margin of 1.27% and a return on equity of 12.64%. Sell-side analysts anticipate that Sendas Distribuidora S.A. Sponsored ADR will post 1.28 EPS for the current year.
About Sendas Distribuidora
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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