Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Up – Should You Buy?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shares gapped up before the market opened on Friday. The stock had previously closed at $12.09, but opened at $13.60. Sendas Distribuidora shares last traded at $13.46, with a volume of 2,223 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Sendas Distribuidora from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Sendas Distribuidora Price Performance

The company has a current ratio of 1.12, a quick ratio of 0.61 and a debt-to-equity ratio of 3.83. The company has a market cap of $3.64 billion, a PE ratio of 19.19, a P/E/G ratio of 0.18 and a beta of 0.66. The firm has a 50 day moving average of $9.13 and a two-hundred day moving average of $8.78.

Sendas Distribuidora (OTCMKTS:ASAIY) last released 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%. Research analysts predict that Sendas Distribuidora S.A. Sponsored ADR will post 1.28 earnings per share for the current fiscal year.

About Sendas Distribuidora

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.