Sendas Distribuidora (OTCMKTS:ASAIY) Sees Strong Trading Volume – Time to Buy?

Shares of Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) saw strong trading volume on Friday . 107,948 shares were traded during trading, an increase of 293% from the previous session’s volume of 27,460 shares.The stock last traded at $7.62 and had previously closed at $7.53.

Wall Street Analysts Forecast Growth

ASAIY has been the topic of a number of recent research reports. Citigroup cut Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 27th. Zacks Research lowered shares of Sendas Distribuidora from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Sendas Distribuidora has a consensus rating of “Reduce”.

Sendas Distribuidora Price Performance

The stock has a market capitalization of $2.04 billion, a P/E ratio of 23.50, a price-to-earnings-growth ratio of 0.62 and a beta of 0.82. The business has a fifty day simple moving average of $8.12 and a 200 day simple moving average of $8.29. The company has a current ratio of 1.12, a quick ratio of 0.54 and a debt-to-equity ratio of 4.32.

Sendas Distribuidora (OTCMKTS:ASAIY) last posted its earnings results on Wednesday, February 11th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.20). The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.93 billion. Sendas Distribuidora had a net margin of 0.64% and a return on equity of 8.94%.

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.