Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Up – Still a Buy?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shares gapped up before the market opened on Thursday. The stock had previously closed at $6.92, but opened at $7.57. Sendas Distribuidora shares last traded at $7.58, with a volume of 2,891 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Sendas Distribuidora from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Sendas Distribuidora Trading Up 4.8%

The stock has a fifty day simple moving average of $10.14 and a 200 day simple moving average of $8.86. The firm has a market cap of $2.08 billion, a P/E ratio of 10.97, a price-to-earnings-growth ratio of 0.10 and a beta of 0.85. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.61 and a current ratio of 1.12.

Sendas Distribuidora (OTCMKTS:ASAIY) last issued its quarterly earnings data 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%. On average, research analysts expect that Sendas Distribuidora S.A. Sponsored ADR will post 1.29 earnings per share for the current fiscal year.

About Sendas Distribuidora

Sendas Distribuidora SA, which operates under the Assaí Atacadista brand, is a Brazilian cash-and-carry retailer serving consumers, small businesses, restaurants, and other commercial customers. The company sells food and beverage products, fresh produce, meat, dairy items, cleaning supplies, personal-care products, and general household merchandise.

Assaí’s wholesale-oriented stores combine retail and bulk purchasing formats, offering products in both consumer-sized packages and larger quantities.