Sendas Distribuidora (OTCMKTS:ASAIY) Trading 9.6% Higher – Here’s Why

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) rose 9.6% on Monday . The company traded as high as $7.62 and last traded at $7.62. Approximately 26,670 shares were traded during mid-day trading, a decline of 5% from the average daily volume of 28,030 shares. The stock had previously closed at $6.95.

Wall Street Analysts Forecast Growth

ASAIY has been the topic of several recent analyst reports. Zacks Research raised Sendas Distribuidora from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 12th. Citigroup lowered shares of Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 27th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Sendas Distribuidora currently has a consensus rating of “Hold”.

Sendas Distribuidora Trading Up 8.5%

The company has a market cap of $2.04 billion, a PE ratio of 23.56 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 company has a 50-day moving average of $8.16 and a 200 day moving average of $8.18.

Sendas Distribuidora (OTCMKTS:ASAIY) last issued its quarterly 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 company had revenue of $3.85 billion during 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.