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

Shares of Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) gapped down prior to trading on Friday . The stock had previously closed at $9.14, but opened at $8.65. Sendas Distribuidora shares last traded at $8.73, with a volume of 454 shares trading hands.

Analyst Ratings Changes

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

Sendas Distribuidora Trading Down 2.5%

The company has a 50-day simple moving average of $8.89 and a 200-day simple moving average of $8.33. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.54 and a current ratio of 1.12. The stock has a market cap of $2.37 billion, a P/E ratio of 18.21 and a beta of 0.71.

Sendas Distribuidora (OTCMKTS:ASAIY) last issued its quarterly earnings data on Monday, April 27th. The company reported $999.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $998.97. Sendas Distribuidora had a return on equity of 7.42% and a net margin of 0.91%.The firm had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $3.63 billion. On average, sell-side analysts forecast that Sendas Distribuidora S.A. Sponsored ADR will post 0.57 EPS for the current fiscal year.

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.