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

Shares of Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) gapped down before the market opened on Thursday . The stock had previously closed at $8.11, but opened at $7.70. Sendas Distribuidora shares last traded at $7.67, with a volume of 6,578 shares.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ASAIY shares. Zacks Research cut shares of Sendas Distribuidora from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 11th. Citigroup downgraded shares of Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 27th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Sendas Distribuidora Stock Performance

The stock has a market cap of $2.05 billion, a PE ratio of 23.72, a P/E/G ratio of 0.63 and a beta of 0.82. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.12 and a quick ratio of 0.54. The stock has a 50-day simple moving average of $8.11 and a 200-day simple moving average of $8.30.

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

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.