Sendas Distribuidora (OTCMKTS:ASAIY) Stock Price Up 4.7% – Here’s What Happened

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shares were up 4.7% during trading on Monday . The stock traded as high as $8.17 and last traded at $8.17. Approximately 1,100 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 27,080 shares. The stock had previously closed at $7.80.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded Sendas Distribuidora from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

Sendas Distribuidora Price Performance

The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 11.61, a P/E/G ratio of 0.13 and a beta of 0.66. The company’s fifty day simple moving average is $8.11 and its two-hundred day simple moving average is $8.47.

Sendas Distribuidora (OTCMKTS:ASAIY) last posted its earnings results on Thursday, August 6th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.10. Sendas Distribuidora had a net margin of 1.27% and a return on equity of 12.64%. On average, analysts forecast that Sendas Distribuidora S.A. Sponsored ADR will post 1.28 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.