Sendas Distribuidora (OTCMKTS:ASAIY) Shares Down 5.8% – Time to Sell?

Shares of Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY – Get Free Report) fell 5.8% during mid-day trading on Friday . The company traded as low as $7.86 and last traded at $7.86. Approximately 2,781 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 28,453 shares. The stock had previously closed at $8.34.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Sendas Distribuidora from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce”.

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Sendas Distribuidora Stock Down 3.7%

The firm has a market cap of $2.17 billion, a P/E ratio of 11.47, a P/E/G ratio of 0.13 and a beta of 0.66. The business has a fifty day simple moving average of $8.18 and a 200-day simple moving average of $8.49.

Sendas Distribuidora (OTCMKTS:ASAIY – Get Free Report) last announced its 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%. On average, sell-side analysts anticipate that Sendas Distribuidora S.A. Sponsored ADR will post 1.25 EPS 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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