Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Down – What’s Next?

Shares of Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY – Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $8.98, but opened at $7.76. Sendas Distribuidora shares last traded at $8.28, with a volume of 3,646 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded 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.com, Sendas Distribuidora has an average rating of “Hold”.

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Sendas Distribuidora Price Performance

The company has a quick ratio of 0.54, a current ratio of 1.12 and a debt-to-equity ratio of 4.32. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 0.22 and a beta of 0.68. The company’s 50-day moving average is $9.04 and its 200-day moving average is $8.32.

Sendas Distribuidora (OTCMKTS:ASAIY – Get Free Report) last posted its quarterly earnings results on Monday, April 27th. The company reported $999.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $998.97. The firm had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.63 billion. Sendas Distribuidora had a net margin of 0.91% and a return on equity of 7.42%. Equities research analysts expect that Sendas Distribuidora S.A. Sponsored ADR will post 0.77 earnings per share for the current fiscal year.

About Sendas Distribuidora

(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.

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