Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Down – Time to Sell?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shares gapped down prior to trading on Wednesday. The stock had previously closed at $13.39, but opened at $12.24. Sendas Distribuidora shares last traded at $12.24, with a volume of 1,146 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Sendas Distribuidora from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Sendas Distribuidora Stock Down 4.3%

The company’s 50-day moving average price is $9.58 and its 200 day moving average price is $8.96. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.61 and a current ratio of 1.12. The stock has a market cap of $3.29 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 0.19 and a beta of 0.66.

Sendas Distribuidora (OTCMKTS:ASAIY) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.36 earnings per share (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%. As a group, analysts forecast that Sendas Distribuidora S.A. Sponsored ADR will post 1.30 EPS for the current fiscal year.

About Sendas Distribuidora

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.