Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Up – Time to Buy?

Shares of Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) gapped up before the market opened on Thursday . The stock had previously closed at $7.50, but opened at $8.09. Sendas Distribuidora shares last traded at $8.1750, with a volume of 1,022 shares.

Analyst Ratings Changes

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

Sendas Distribuidora Stock Up 3.1%

The stock has a market capitalization of $2.32 billion, a P/E ratio of 17.83, a PEG ratio of 0.22 and a beta of 0.68. The stock has a 50 day moving average price of $8.68 and a 200-day moving average price of $8.22. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.12 and a quick ratio of 0.54.

Sendas Distribuidora (OTCMKTS:ASAIY) last released its earnings results on Monday, April 27th. The company reported $999.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $998.97. The company had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.63 billion. Sendas Distribuidora had a return on equity of 7.42% and a net margin of 0.91%. As a group, research analysts expect that Sendas Distribuidora S.A. Sponsored ADR will post 0.77 EPS for the current fiscal year.

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.