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

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shares gapped up before the market opened on Thursday. The stock had previously closed at $8.11, but opened at $8.44. Sendas Distribuidora shares last traded at $8.35, with a volume of 10,101 shares.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Sendas Distribuidora from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Sendas Distribuidora Trading Down 1.5%

The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.61 and a current ratio of 1.12. The business has a 50 day moving average of $10.15 and a two-hundred day moving average of $8.88. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 9.64, a P/E/G ratio of 0.12 and a beta of 0.85.

Sendas Distribuidora (OTCMKTS:ASAIY) last posted its quarterly earnings results on Friday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.81 billion. Sendas Distribuidora had a net margin of 1.57% and a return on equity of 15.99%. Equities analysts predict that Sendas Distribuidora S.A. Sponsored ADR will post 1.29 EPS for the current year.

Sendas Distribuidora Company Profile

Sendas Distribuidora S.A. operates Assaí Atacadista, a Brazilian cash-and-carry retailer serving both businesses and individual shoppers. Its stores sell food and beverages alongside cleaning supplies, personal-care products and other household goods, generally offering bulk and individual purchasing options. The company serves customers throughout Brazil through a nationwide store network. Its assortment includes groceries and fresh foods, with products and formats aimed at retailers, restaurants and other commercial buyers as well as households.