Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Up – What’s Next?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $7.36, but opened at $7.77. Sendas Distribuidora shares last traded at $7.70, with a volume of 2,537 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Citigroup downgraded shares of Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 27th. Zacks Research upgraded shares of Sendas Distribuidora from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 12th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Sendas Distribuidora Stock Up 4.3%

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 stock has a 50 day moving average price of $8.14 and a 200-day moving average price of $8.25. The stock has a market capitalization of $2.08 billion, a P/E ratio of 24.00 and a beta of 0.82.

Sendas Distribuidora (OTCMKTS:ASAIY) last issued its earnings results on Wednesday, February 11th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.20). Sendas Distribuidora had a net margin of 0.64% and a return on equity of 8.94%. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations 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.