Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Up – Time to Buy?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $8.05, but opened at $8.77. Sendas Distribuidora shares last traded at $8.64, with a volume of 990 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded Sendas Distribuidora from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Sendas Distribuidora presently has an average rating of “Reduce”.

Sendas Distribuidora Stock Performance

The company has a market capitalization of $2.32 billion, a PE ratio of 12.21, a P/E/G ratio of 0.13 and a beta of 0.66. The company’s 50-day moving average is $8.07 and its 200 day moving average is $8.49.

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