Sendas Distribuidora (OTCMKTS:ASAIY) Hits New 52-Week High – Here’s What Happened

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s stock price hit a new 52-week high during trading on Tuesday. The stock traded as high as $14.44 and last traded at $13.7640, with a volume of 15,855 shares. The stock had previously closed at $13.2260.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Sendas Distribuidora from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy”.

Sendas Distribuidora Stock Up 5.3%

The business has a fifty day moving average of $9.78 and a 200 day moving average of $9.02. The company has a quick ratio of 0.61, a current ratio of 1.12 and a debt-to-equity ratio of 3.83. The firm has a market cap of $3.77 billion, a P/E ratio of 19.89, a P/E/G ratio of 0.18 and a beta of 0.66.

Sendas Distribuidora (OTCMKTS:ASAIY) last issued its earnings results 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 12.02% and a net margin of 1.27%. On average, equities research analysts predict that Sendas Distribuidora S.A. Sponsored ADR will post 1.30 EPS for the current year.

Sendas Distribuidora Company Profile

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.