Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Down – Here’s Why

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $9.07, but opened at $8.49. Sendas Distribuidora shares last traded at $8.49, with a volume of 183 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Zacks Research cut Sendas Distribuidora from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 11th. Citigroup cut shares of Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 27th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce”.

Sendas Distribuidora Trading Down 0.6%

The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 0.89 and a beta of 0.82. The business’s fifty day moving average is $7.96 and its 200 day moving average is $8.33. The company has a quick ratio of 0.54, a current ratio of 1.12 and a debt-to-equity ratio of 4.32.

Sendas Distribuidora (OTCMKTS:ASAIY) last released its earnings results on Wednesday, February 11th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.20). Sendas Distribuidora had a return on equity of 8.94% and a net margin of 0.64%.The firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.93 billion.

Sendas Distribuidora Company Profile

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.