Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Down – Here’s What Happened

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shares gapped down prior to trading on Wednesday. The stock had previously closed at $13.39, but opened at $12.24. Sendas Distribuidora shares last traded at $12.24, with a volume of 1,146 shares changing hands.

Analyst Ratings Changes

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

Sendas Distribuidora Trading Down 2.5%

The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.61 and a current ratio of 1.12. The business has a fifty day simple moving average of $9.42 and a 200 day simple moving average of $8.90. The company has a market cap of $3.33 billion, a P/E ratio of 17.56, a P/E/G ratio of 0.20 and a beta of 0.66.

Sendas Distribuidora (OTCMKTS:ASAIY) last issued its earnings results on Thursday, August 6th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.26 by $0.10. Sendas Distribuidora had a return on equity of 12.02% and a net margin of 1.27%. Analysts anticipate that Sendas Distribuidora S.A. Sponsored ADR will post 1.30 earnings per share for the current fiscal year.

Sendas Distribuidora Company Profile

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.