Sendas Distribuidora (OTCMKTS:ASAIY) Stock Rating Raised to “Strong-Buy” at Zacks Research

Sendas Distribuidora (OTCMKTS:ASAIY) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday, Zacks reports.

Sendas Distribuidora Stock Performance

Shares of ASAIY opened at $12.70 on Tuesday. The firm’s 50 day moving average is $9.50 and its 200-day moving average is $8.93. The stock has a market capitalization of $3.44 billion, a P/E ratio of 18.14, a P/E/G ratio of 0.18 and a beta of 0.66. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.12 and a quick ratio of 0.61. Sendas Distribuidora has a 12-month low of $6.20 and a 12-month high of $13.76.

Sendas Distribuidora (OTCMKTS:ASAIY) last released its earnings results on Thursday, August 6th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.10. Sendas Distribuidora had a net margin of 1.27% and a return on equity of 12.02%. Equities research analysts anticipate that Sendas Distribuidora will post 1.30 EPS for the current fiscal year.

Sendas Distribuidora Company Profile

Sendas Distribuidora SA, operating under the Assaí Atacadista brand, is a Brazilian cash-and-carry retailer serving households, small businesses, restaurants and other commercial customers. The company sells a broad range of food, beverages, cleaning supplies, personal-care products and other everyday consumer goods through its wholesale-oriented stores.

Assaí combines retail and wholesale formats, offering products in single units as well as larger packs and case quantities. Its operations are supported by in-store services and digital sales channels intended to serve both consumers and professional customers.