Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Down – Time to Sell?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s share price gapped down before the market opened on Thursday. The stock had previously closed at $12.87, but opened at $12.10. Sendas Distribuidora shares last traded at $12.67, with a volume of 4,419 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Sendas Distribuidora from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Sendas Distribuidora currently has a consensus rating of “Hold”.

Sendas Distribuidora Price Performance

The company has a debt-to-equity ratio of 3.83, a current ratio of 1.12 and a quick ratio of 0.61. The firm has a market cap of $3.47 billion, a P/E ratio of 18.29, a PEG ratio of 0.19 and a beta of 0.66. The stock’s 50-day simple moving average is $9.04 and its two-hundred day simple moving average is $8.74.

Sendas Distribuidora (OTCMKTS:ASAIY) last announced its 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 12.02%. Equities research analysts forecast that Sendas Distribuidora S.A. Sponsored ADR will post 1.28 earnings per share for the current fiscal year.

About Sendas Distribuidora

Sendas Distribuidora SA, operating under the Assaí Atacadista brand, is a Brazilian cash-and-carry retailer serving households, small businesses, restaurants and other commercial customers. The company sells a broad range of food, beverages, cleaning supplies, personal-care products and other everyday consumer goods through its wholesale-oriented stores.

Assaí combines retail and wholesale formats, offering products in single units as well as larger packs and case quantities. Its operations are supported by in-store services and digital sales channels intended to serve both consumers and professional customers.