Sendas Distribuidora (OTCMKTS:ASAIY) Shares Up 5.2% – Still a Buy?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIYGet Free Report) rose 5.2% on Monday . The stock traded as high as $8.05 and last traded at $8.05. Approximately 300 shares changed hands during trading, a decline of 99% from the average daily volume of 27,777 shares. The stock had previously closed at $7.65.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Sendas Distribuidora from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Check Out Our Latest Analysis on Sendas Distribuidora

Sendas Distribuidora Stock Up 8.0%

The company has a market cap of $2.35 billion, a PE ratio of 12.41, a P/E/G ratio of 0.13 and a beta of 0.66. The stock’s 50 day simple moving average is $8.07 and its two-hundred day simple moving average is $8.49.

Sendas Distribuidora (OTCMKTS:ASAIYGet Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.10. Sendas Distribuidora had a net margin of 1.27% and a return on equity of 12.64%. Analysts forecast that Sendas Distribuidora S.A. Sponsored ADR will post 1.25 EPS for the current year.

About Sendas Distribuidora

(Get Free Report)

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.

Further Reading

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