Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY – Get Free Report) shares rose 5.8% on Thursday . The stock traded as high as $9.55 and last traded at $9.43. Approximately 13,795 shares were traded during trading, a decline of 49% from the average daily volume of 27,297 shares. The stock had previously closed at $8.91.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded shares of Sendas Distribuidora from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.
Read Our Latest Report on ASAIY
Sendas Distribuidora Stock Up 0.3%
Sendas Distribuidora (OTCMKTS:ASAIY – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.36 earnings per share for the quarter, beating 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 analysts anticipate that Sendas Distribuidora S.A. Sponsored ADR will post 1.28 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 both households and business customers. The company sells food and beverages, fresh and perishable products, personal-care items, cleaning supplies and selected general merchandise through a network of wholesale-oriented stores.
Assaí’s format combines elements of a supermarket and a wholesale club, offering products in both individual and larger-volume packages. Its customer base includes families, restaurants, small retailers, food-service operators and other businesses seeking competitively priced goods.
The company traces its origins to the Assaí business, which was founded in Brazil in 1974 and later became part of Companhia Brasileira de Distribuição, commonly known as GPA.
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