Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Up – Should You Buy?

Shares of Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY – Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $9.3450, but opened at $9.74. Sendas Distribuidora shares last traded at $9.6262, with a volume of 3,712 shares.

Analyst Ratings Changes

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

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Sendas Distribuidora Stock Performance

The stock has a fifty day moving average of $8.27 and a 200-day moving average of $8.46. The company has a market cap of $2.60 billion, a PE ratio of 13.69, a PEG ratio of 0.15 and a beta of 0.66.

Sendas Distribuidora (OTCMKTS:ASAIY – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate 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 EPS for the current fiscal 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 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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