Sendas Distribuidora (OTCMKTS:ASAIY) Stock Price Down 5.8% – Time to Sell?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s share price fell 5.8% during trading on Friday . The stock traded as low as $7.86 and last traded at $7.86. Approximately 2,781 shares were traded during trading, a decline of 90% from the average session volume of 28,453 shares. The stock had previously closed at $8.34.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Sendas Distribuidora from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Sendas Distribuidora Stock Down 5.3%

The company has a market cap of $2.14 billion, a P/E ratio of 16.45, a PEG ratio of 0.14 and a beta of 0.66. The company has a 50 day moving average price of $8.20 and a 200-day moving average price of $8.49.

Sendas Distribuidora (OTCMKTS:ASAIY) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.10. 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 1.25 earnings per share 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.