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

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY – Get Free Report)’s share price gapped down prior to trading on Thursday. The stock had previously closed at $12.87, but opened at $12.10. Sendas Distribuidora shares last traded at $12.67, with a volume of 4,419 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Sendas Distribuidora from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Two research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

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Sendas Distribuidora Stock Performance

The company has a debt-to-equity ratio of 3.83, a current ratio of 1.12 and a quick ratio of 0.61. The stock’s 50 day simple moving average is $9.23 and its two-hundred day simple moving average is $8.82. The stock has a market cap of $3.61 billion, a P/E ratio of 19.03, a price-to-earnings-growth ratio of 0.19 and a beta of 0.66.

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 (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.10. Sendas Distribuidora had a net margin of 1.27% and a return on equity of 12.02%. As a group, research analysts forecast that Sendas Distribuidora S.A. Sponsored ADR will post 1.28 EPS for the current year.

Sendas Distribuidora Company Profile

(Get Free Report)

Sendas Distribuidora SA, operating under the Assaí Atacadista brand, is a Brazilian cash-and-carry retailer serving households, small businesses, restaurants and other commercial customers. The company sells a broad range of food, beverages, cleaning supplies, personal-care products and other everyday consumer goods through its wholesale-oriented stores.

Assaí combines retail and wholesale formats, offering products in single units as well as larger packs and case quantities. Its operations are supported by in-store services and digital sales channels intended to serve both consumers and professional customers.

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