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

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) gapped down before the market opened on Friday . The stock had previously closed at $8.21, but opened at $7.73. Sendas Distribuidora shares last traded at $7.76, with a volume of 420 shares changing hands.

Sendas Distribuidora Stock Down 2.3%

The stock has a market cap of $2.08 billion, a P/E ratio of 16.02, a price-to-earnings-growth ratio of 0.14 and a beta of 0.65. The business’s 50-day simple moving average is $8.30 and its two-hundred day simple moving average is $8.41.

Sendas Distribuidora (OTCMKTS:ASAIY) last posted its quarterly 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 company had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.63 billion. Sendas Distribuidora had a net margin of 0.91% and a return on equity of 7.42%. Analysts anticipate that Sendas Distribuidora S.A. Sponsored ADR will post 1.25 earnings per share 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.