Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Up – Here’s What Happened

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $8.15, but opened at $8.50. Sendas Distribuidora shares last traded at $8.55, with a volume of 2,472 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Sendas Distribuidora from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 12th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Sendas Distribuidora has an average rating of “Hold”.

Sendas Distribuidora Trading Up 7.8%

The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.54 and a current ratio of 1.12. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 28.34 and a beta of 0.82. The company’s 50 day simple moving average is $8.32 and its two-hundred day simple moving average is $8.11.

Sendas Distribuidora (OTCMKTS:ASAIY) last issued its earnings results on Wednesday, February 11th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $3.93 billion.

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.