Sendas Distribuidora (OTCMKTS:ASAIY) Stock Price Up 5.8% – What’s Next?

Shares of Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) traded up 5.8% on Thursday . The stock traded as high as $9.55 and last traded at $9.43. Approximately 13,795 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 27,297 shares. The stock had previously closed at $8.91.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Sendas Distribuidora from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Sendas Distribuidora Stock Performance

The stock has a market capitalization of $2.55 billion, a P/E ratio of 13.44, a price-to-earnings-growth ratio of 0.14 and a beta of 0.66. The firm has a 50-day moving average price of $8.18 and a 200 day moving average price of $8.45.

Sendas Distribuidora (OTCMKTS:ASAIY) last released its earnings results on Thursday, August 6th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates 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 anticipate that Sendas Distribuidora S.A. Sponsored ADR will post 1.28 earnings per share 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.