Sendas Distribuidora (OTCMKTS:ASAIY) Sees Large Volume Increase – Time to Buy?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) saw an uptick in trading volume on Wednesday . 35,070 shares traded hands during trading, an increase of 40% from the previous session’s volume of 25,008 shares.The stock last traded at $8.35 and had previously closed at $8.15.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Sendas Distribuidora from a “strong sell” rating to a “hold” rating in a report on Thursday, March 12th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Sendas Distribuidora presently has an average rating of “Hold”.

Sendas Distribuidora Trading Down 0.4%

The company has a quick ratio of 0.54, a current ratio of 1.12 and a debt-to-equity ratio of 4.32. The stock’s fifty day moving average price is $8.76 and its two-hundred day moving average price is $8.30. The company has a market capitalization of $2.31 billion, a PE ratio of 17.77 and a beta of 0.71.

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 analysts’ consensus estimates of $0.03 by $998.97. The company had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.63 billion. Sendas Distribuidora had a net margin of 0.91% and a return on equity of 7.42%. Sell-side analysts anticipate that Sendas Distribuidora S.A. Sponsored ADR will post 0.54 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.