Sendas Distribuidora (OTCMKTS:ASAIY) Shares Down 5.1% – What’s Next?

Shares of Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) fell 5.1% during trading on Thursday . The stock traded as low as $7.7412 and last traded at $7.83. 2,972 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 27,460 shares. The stock had previously closed at $8.25.

Analyst Ratings Changes

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

Sendas Distribuidora Price Performance

The stock has a market cap of $2.13 billion, a PE ratio of 16.42, a P/E/G ratio of 0.22 and a beta of 0.68. 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 firm’s 50 day moving average price is $9.04 and its two-hundred day moving average price is $8.30.

Sendas Distribuidora (OTCMKTS:ASAIY) last posted its earnings results on Monday, April 27th. The company reported $999.00 earnings per share for the quarter, topping the consensus estimate of $0.03 by $998.97. The firm had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $3.63 billion. Sendas Distribuidora had a net margin of 0.91% and a return on equity of 7.42%. On average, research analysts expect that Sendas Distribuidora S.A. Sponsored ADR will post 0.77 earnings per share for the current 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.