Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Down – Should You Sell?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shares gapped down before the market opened on Thursday . The stock had previously closed at $8.11, but opened at $7.70. Sendas Distribuidora shares last traded at $7.67, with a volume of 6,578 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Zacks Research upgraded Sendas Distribuidora from a “strong sell” rating to a “hold” rating in a research report on Thursday. Citigroup cut Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 27th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Sendas Distribuidora Trading Down 4.6%

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 firm has a market capitalization of $1.94 billion, a P/E ratio of 22.44, a price-to-earnings-growth ratio of 0.57 and a beta of 0.82. The firm’s 50-day simple moving average is $8.13 and its 200-day simple moving average is $8.28.

Sendas Distribuidora (OTCMKTS:ASAIY) last issued its quarterly 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). Sendas Distribuidora had a return on equity of 8.94% and a net margin of 0.64%.The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.93 billion.

About Sendas Distribuidora

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.