Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Up – Time to Buy?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $8.53, but opened at $9.08. Sendas Distribuidora shares last traded at $9.02, with a volume of 2,444 shares changing hands.

Wall Street Analysts Forecast Growth

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, According to data from MarketBeat, Sendas Distribuidora presently has an average rating of “Hold”.

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Sendas Distribuidora Stock Down 0.2%

The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.54 and a current ratio of 1.12. The stock has a market cap of $2.46 billion, a P/E ratio of 18.96 and a beta of 0.71. The stock’s fifty day simple moving average is $8.83 and its 200-day simple moving average is $8.32.

Sendas Distribuidora (OTCMKTS:ASAIY – Get Free Report) last posted its quarterly earnings data on Monday, April 27th. The company reported $999.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $998.97. Sendas Distribuidora had a net margin of 0.91% and a return on equity of 7.42%. The firm had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $3.63 billion. As a group, research analysts forecast that Sendas Distribuidora S.A. Sponsored ADR will post 0.54 earnings per share for the current fiscal year.

Sendas Distribuidora Company Profile

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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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