Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Down – What’s Next?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shares gapped down before the market opened on Monday . The stock had previously closed at $9.45, but opened at $9.03. Sendas Distribuidora shares last traded at $9.06, with a volume of 11,719 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Sendas Distribuidora from a “strong sell” rating to a “hold” rating in a report on Thursday, March 12th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Sendas Distribuidora presently has a consensus rating of “Hold”.

Sendas Distribuidora Price Performance

The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 18.85 and a beta of 0.71. The company has a fifty day simple moving average of $8.69 and a 200 day simple moving average of $8.20. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.54 and a current ratio of 1.12.

Sendas Distribuidora (OTCMKTS:ASAIY) last announced its earnings results on Monday, April 27th. The company reported $999.00 EPS for the quarter, topping the consensus estimate of $0.03 by $998.97. The firm had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.63 billion. Sendas Distribuidora had a return on equity of 7.42% and a net margin of 0.91%. Equities research analysts forecast that Sendas Distribuidora S.A. Sponsored ADR will post 0.54 EPS for the current fiscal year.

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.