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

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) gapped down before the market opened on Thursday . The stock had previously closed at $8.69, but opened at $7.93. Sendas Distribuidora shares last traded at $7.94, with a volume of 300 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered Sendas Distribuidora from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

Sendas Distribuidora Stock Up 1.0%

The business has a 50-day moving average price of $8.08 and a 200-day moving average price of $8.49. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 11.34, a P/E/G ratio of 0.14 and a beta of 0.66.

Sendas Distribuidora (OTCMKTS:ASAIY) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.26 by $0.10. Sendas Distribuidora had a return on equity of 12.64% and a net margin of 1.27%. On average, equities research analysts forecast that Sendas Distribuidora S.A. Sponsored ADR will post 1.25 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.