Sendas Distribuidora (OTCMKTS:ASAIY) Stock Jumps 24.6% – Should You Buy?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shares were up 24.6% during trading on Monday. The stock traded as high as $13.34 and last traded at $13.25. Approximately 20,733 shares were traded during mid-day trading, a decline of 24% from the average session volume of 27,320 shares. The stock had previously closed at $10.6320.

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 Monday, August 31st. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Sendas Distribuidora Price Performance

The firm’s 50-day moving average is $8.96 and its 200-day moving average is $8.71. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.12 and a quick ratio of 0.61. The company has a market capitalization of $3.49 billion, a P/E ratio of 18.39, a price-to-earnings-growth ratio of 0.19 and a beta of 0.66.

Sendas Distribuidora (OTCMKTS:ASAIY) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.10. Sendas Distribuidora had a net margin of 1.27% and a return on equity of 12.02%. Analysts predict that Sendas Distribuidora S.A. Sponsored ADR will post 1.28 EPS for the current fiscal year.

About Sendas Distribuidora

Sendas Distribuidora SA, operating under the Assaí Atacadista brand, is a Brazilian cash-and-carry retailer serving households, small businesses, restaurants and other commercial customers. The company sells a broad range of food, beverages, cleaning supplies, personal-care products and other everyday consumer goods through its wholesale-oriented stores.

Assaí combines retail and wholesale formats, offering products in single units as well as larger packs and case quantities. Its operations are supported by in-store services and digital sales channels intended to serve both consumers and professional customers.