Sendas Distribuidora (OTCMKTS:ASAIY) Sees Strong Trading Volume – Here’s What Happened

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) saw unusually-high trading volume on Wednesday . 47,383 shares traded hands during mid-day trading, an increase of 76% from the previous session’s volume of 26,925 shares.The stock last traded at $8.42 and had previously closed at $8.42.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Sendas Distribuidora from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 12th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Sendas Distribuidora has a consensus rating of “Hold”.

Sendas Distribuidora Price Performance

The company has a market capitalization of $2.26 billion, a P/E ratio of 17.42, a P/E/G ratio of 0.22 and a beta of 0.65. The business has a 50-day moving average of $8.58 and a 200-day moving average of $8.25.

Sendas Distribuidora (OTCMKTS:ASAIY) last posted its quarterly earnings data on Monday, April 27th. The company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. Sendas Distribuidora had a net margin of 0.91% and a return on equity of 7.42%. The business had revenue of $3.54 billion for the quarter, compared to analysts’ expectations of $3.63 billion. Sell-side analysts predict that Sendas Distribuidora S.A. Sponsored ADR will post 0.77 EPS for the current fiscal year.

About Sendas Distribuidora

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.