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

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shares gapped down prior to trading 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 trading hands.

Wall Street Analysts Forecast Growth

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

Sendas Distribuidora Stock Up 2.0%

The company has a market capitalization of $2.57 billion, a P/E ratio of 19.79 and a beta of 0.71. The firm’s 50 day moving average price is $8.71 and its two-hundred day moving average price is $8.22. 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 announced its quarterly earnings data on Monday, April 27th. The company reported $999.00 earnings per share for the quarter, beating the consensus estimate 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. Equities research analysts forecast that Sendas Distribuidora S.A. Sponsored ADR will post 0.54 EPS 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.