Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Up – What’s Next?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) gapped up prior to trading on Tuesday . The stock had previously closed at $6.95, but opened at $7.54. Sendas Distribuidora shares last traded at $7.54, with a volume of 468 shares trading hands.

Analyst Ratings Changes

Several research firms recently commented on ASAIY. Citigroup cut Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 27th. Zacks Research raised Sendas Distribuidora from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 12th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Sendas Distribuidora Stock Performance

The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 24.50 and a beta of 0.82. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.12 and a quick ratio of 0.54. The stock has a 50 day simple moving average of $8.21 and a two-hundred day simple moving average of $8.15.

Sendas Distribuidora (OTCMKTS:ASAIY) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.20). The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.93 billion. Sendas Distribuidora had a net margin of 0.64% and a return on equity of 8.94%.

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.