Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Up – Here’s Why

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $7.50, but opened at $8.09. Sendas Distribuidora shares last traded at $8.1750, with a volume of 1,022 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Sendas Distribuidora from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 12th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Sendas Distribuidora Stock Up 3.7%

The firm has a market cap of $2.23 billion, a P/E ratio of 17.17, a price-to-earnings-growth ratio of 0.20 and a beta of 0.68. The company’s 50-day simple moving average is $8.75 and its 200 day simple moving average is $8.22. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.12 and a quick ratio of 0.54.

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