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

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shares gapped up prior to trading on Thursday . The stock had previously closed at $8.59, but opened at $9.0620. Sendas Distribuidora shares last traded at $9.0620, with a volume of 594 shares traded.

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 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 company has a debt-to-equity ratio of 4.32, a current ratio of 1.12 and a quick ratio of 0.54. The firm has a fifty day moving average price of $9.00 and a two-hundred day moving average price of $8.32. The stock has a market capitalization of $2.38 billion, a PE ratio of 18.31, a P/E/G ratio of 0.24 and a beta of 0.68.

Sendas Distribuidora (OTCMKTS:ASAIY) last issued its quarterly earnings results on Monday, April 27th. The company reported $999.00 earnings per share for the quarter, topping the consensus estimate of $0.03 by $998.97. Sendas Distribuidora had a return on equity of 7.42% and a net margin of 0.91%.The firm had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.63 billion. Research analysts expect that Sendas Distribuidora S.A. Sponsored ADR will post 0.77 EPS for the current 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.