Sendas Distribuidora (OTCMKTS:ASAIY) Stock Price Down 4.6% – What’s Next?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) fell 4.6% during trading on Wednesday . The company traded as low as $9.1425 and last traded at $9.30. 5,031 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 31,196 shares. The stock had previously closed at $9.75.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ASAIY. Zacks Research downgraded shares of Sendas Distribuidora from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 11th. Citigroup lowered shares of Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 27th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Sendas Distribuidora currently has a consensus rating of “Reduce”.

Sendas Distribuidora Price Performance

The company has a debt-to-equity ratio of 4.32, a current ratio of 1.12 and a quick ratio of 0.54. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 0.65 and a beta of 0.84. The stock’s 50 day moving average is $7.55.

Sendas Distribuidora (OTCMKTS:ASAIY) last issued its earnings results on Wednesday, February 11th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.20). The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.93 billion. Sendas Distribuidora had a return on equity of 8.94% and a net margin of 0.64%.

Sendas Distribuidora Company Profile

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.