Sendas Distribuidora (OTCMKTS:ASAIY) Upgraded at Zacks Research

Sendas Distribuidora (OTCMKTS:ASAIY) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday, Zacks reports.

Sendas Distribuidora Trading Up 1.1%

Shares of ASAIY stock opened at $8.13 on Monday. The stock has a market cap of $2.20 billion, a P/E ratio of 11.61, a P/E/G ratio of 0.13 and a beta of 0.66. Sendas Distribuidora has a 12 month low of $6.20 and a 12 month high of $10.35. The company has a 50 day simple moving average of $8.11 and a two-hundred day simple moving average of $8.47.

Sendas Distribuidora (OTCMKTS:ASAIY) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.10. Sendas Distribuidora had a net margin of 1.27% and a return on equity of 12.64%. As a group, equities analysts forecast that Sendas Distribuidora 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.