Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Up – Here’s Why

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $7.50, but opened at $8.09. Sendas Distribuidora shares last traded at $8.1750, with a volume of 1,022 shares changing hands.

Analyst Upgrades and Downgrades

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

Sendas Distribuidora Price Performance

The firm has a 50 day moving average price of $8.75 and a 200 day moving average price of $8.22. The stock has a market capitalization of $2.23 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 0.20 and a beta of 0.68. The company has a current ratio of 1.12, a quick ratio of 0.54 and a debt-to-equity ratio of 4.32.

Sendas Distribuidora (OTCMKTS:ASAIY) last issued 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. The business had revenue of $3.54 billion during the quarter, compared to analysts’ expectations of $3.63 billion. Sendas Distribuidora had a return on equity of 7.42% and a net margin of 0.91%. Research analysts anticipate that Sendas Distribuidora S.A. Sponsored ADR will post 0.77 earnings per share for the current 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.