Sendas Distribuidora (OTCMKTS:ASAIY) Trading Up 9.6% – Here’s What Happened

Shares of Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shot up 9.6% on Monday . The company traded as high as $7.62 and last traded at $7.62. 26,670 shares traded hands during mid-day trading, a decline of 5% from the average session volume of 28,030 shares. The stock had previously closed at $6.95.

Wall Street Analysts Forecast Growth

ASAIY has been the topic of several analyst reports. Citigroup downgraded Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 27th. Zacks Research upgraded shares of Sendas Distribuidora from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 12th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Sendas Distribuidora has a consensus rating of “Hold”.

Sendas Distribuidora Price Performance

The company has a current ratio of 1.12, a quick ratio of 0.54 and a debt-to-equity ratio of 4.32. The stock has a fifty day simple moving average of $8.19 and a 200-day simple moving average of $8.15. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 24.50 and a beta of 0.82.

Sendas Distribuidora (OTCMKTS:ASAIY) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.20). The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate 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.