Sendas Distribuidora (OTCMKTS:ASAIY) Hits New 12-Month High – Should You Buy?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s stock price reached a new 52-week high on Wednesday. The company traded as high as $10.36 and last traded at $10.36, with a volume of 388 shares. The stock had previously closed at $9.7198.

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, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Sendas Distribuidora Price Performance

The company has a market cap of $2.81 billion, a P/E ratio of 14.80, a PEG ratio of 0.14 and a beta of 0.66. The company has a fifty day moving average price of $8.59 and a two-hundred day moving average price of $8.56. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.61 and a current ratio of 1.12.

Sendas Distribuidora (OTCMKTS:ASAIY) last released its earnings results on Thursday, August 6th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.10. Sendas Distribuidora had a return on equity of 12.02% and a net margin of 1.27%. On average, sell-side analysts anticipate that Sendas Distribuidora S.A. Sponsored ADR will post 1.28 earnings per share for the current fiscal year.

About Sendas Distribuidora

Sendas Distribuidora SA, operating under the Assaí Atacadista brand, is a Brazilian cash-and-carry retailer serving both households and business customers. The company sells food and beverages, fresh and perishable products, personal-care items, cleaning supplies and selected general merchandise through a network of wholesale-oriented stores.

Assaí’s format combines elements of a supermarket and a wholesale club, offering products in both individual and larger-volume packages. Its customer base includes families, restaurants, small retailers, food-service operators and other businesses seeking competitively priced goods.

The company traces its origins to the Assaí business, which was founded in Brazil in 1974 and later became part of Companhia Brasileira de Distribuição, commonly known as GPA.