Sendas Distribuidora (OTCMKTS:ASAIY) Stock Price Up 4.7% – Here’s Why

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) was up 4.7% during trading on Monday . The company traded as high as $8.17 and last traded at $8.17. Approximately 1,100 shares traded hands during trading, a decline of 96% from the average daily volume of 27,080 shares. The stock had previously closed at $7.80.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Sendas Distribuidora from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

Sendas Distribuidora Stock Performance

The business has a 50 day moving average of $8.09 and a two-hundred day moving average of $8.48. The stock has a market capitalization of $2.15 billion, a PE ratio of 11.36, a PEG ratio of 0.12 and a beta of 0.66.

Sendas Distribuidora (OTCMKTS:ASAIY) last posted its earnings results on Thursday, August 6th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.10. Sendas Distribuidora had a return on equity of 12.64% and a net margin of 1.27%. On average, equities analysts expect that Sendas Distribuidora S.A. Sponsored ADR will post 1.28 EPS for the current fiscal year.

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.