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

Shares of Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) gapped up prior to trading on Wednesday . The stock had previously closed at $8.05, but opened at $8.77. Sendas Distribuidora shares last traded at $8.64, with a volume of 990 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of Sendas Distribuidora from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Sendas Distribuidora Stock Down 0.4%

The company has a 50-day moving average price of $8.09 and a 200-day moving average price of $8.48. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 11.19, a P/E/G ratio of 0.13 and a beta of 0.66.

Sendas Distribuidora (OTCMKTS:ASAIY) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.10. Sendas Distribuidora had a return on equity of 12.64% and a net margin of 1.27%. As a group, analysts forecast that Sendas Distribuidora S.A. Sponsored ADR will post 1.25 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.