Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Up – Should You Buy?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $7.98, but opened at $8.30. Sendas Distribuidora shares last traded at $8.29, with a volume of 5,499 shares trading hands.

Sendas Distribuidora Stock Up 3.0%

The business’s fifty day simple moving average is $8.32 and its two-hundred day simple moving average is $8.40. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 0.21 and a beta of 0.65.

Sendas Distribuidora (OTCMKTS:ASAIY) last issued its earnings results on Monday, April 27th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. 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%. Sell-side analysts predict that Sendas Distribuidora S.A. Sponsored ADR will post 0.77 EPS for the current fiscal 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.