Sendas Distribuidora (OTCMKTS:ASAIY) Stock Price Up 5.2% – Time to Buy?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s stock price shot up 5.2% during trading on Monday . The company traded as high as $8.05 and last traded at $8.05. 300 shares were traded during mid-day trading, a decline of 99% from the average session volume of 27,777 shares. The stock had previously closed at $7.65.

Wall Street Analysts Forecast Growth

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

Sendas Distribuidora Price Performance

The business has a 50 day moving average price of $8.05 and a 200 day moving average price of $8.49. The firm has a market capitalization of $2.22 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 0.13 and a beta of 0.66.

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