Sendas Distribuidora (OTCMKTS:ASAIY) Shares Down 5.1% – What’s Next?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s stock price was down 5.1% during trading on Thursday . The stock traded as low as $7.7412 and last traded at $7.83. Approximately 2,972 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 27,460 shares. The stock had previously closed at $8.25.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Sendas Distribuidora from a “strong sell” rating to a “hold” rating in a report on Thursday, March 12th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average 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 business’s 50-day simple moving average is $8.99 and its 200 day simple moving average is $8.30. The company has a market capitalization of $2.14 billion, a P/E ratio of 16.50, a P/E/G ratio of 0.22 and a beta of 0.68.

Sendas Distribuidora (OTCMKTS:ASAIY) last announced its earnings results on Monday, April 27th. The company reported $999.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $998.97. The business had revenue of $3.54 billion during the quarter, compared to analysts’ expectations of $3.63 billion. Sendas Distribuidora had a net margin of 0.91% and a return on equity of 7.42%. As a group, sell-side analysts anticipate that Sendas Distribuidora S.A. Sponsored ADR will post 0.77 EPS for the current 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.