Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Down – Should You Sell?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $9.87, but opened at $9.29. Sendas Distribuidora shares last traded at $9.29, with a volume of 197 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Sendas Distribuidora from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 12th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus 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 firm has a market cap of $2.47 billion, a price-to-earnings ratio of 19.02 and a beta of 0.71. The company’s 50-day moving average is $8.72 and its 200-day moving average is $8.24.

Sendas Distribuidora (OTCMKTS:ASAIY) last announced its quarterly earnings data on Monday, April 27th. The company reported $999.00 EPS for the quarter, beating the consensus estimate of $0.03 by $998.97. Sendas Distribuidora had a net margin of 0.91% and a return on equity of 7.42%. The business had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $3.63 billion. Equities research analysts predict that Sendas Distribuidora S.A. Sponsored ADR will post 0.54 earnings per share 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.