Sendas Distribuidora (OTCMKTS:ASAIY) Upgraded by Zacks Research to Hold Rating

Sendas Distribuidora (OTCMKTS:ASAIY) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

Separately, Citigroup lowered 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, Based on data from MarketBeat, Sendas Distribuidora has a consensus rating of “Hold”.

Sendas Distribuidora Price Performance

ASAIY opened at $7.18 on Thursday. Sendas Distribuidora has a one year low of $6.20 and a one year high of $10.67. 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’s 50 day simple moving average is $8.13 and its 200-day simple moving average is $8.28. The stock 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.

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