Sendas Distribuidora (OTCMKTS:ASAIY) Shares Down 7.5% – Should You Sell?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s share price fell 7.5% during mid-day trading on Friday . The stock traded as low as $8.38 and last traded at $8.38. 11,048 shares traded hands during trading, a decline of 54% from the average session volume of 24,177 shares. The stock had previously closed at $9.06.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Sendas Distribuidora from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 12th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Sendas Distribuidora Stock 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 $2.56 billion, a price-to-earnings ratio of 19.69 and a beta of 0.71. The stock has a 50 day moving average price of $8.69 and a two-hundred day moving average price of $8.20.

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

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.