Sendas Distribuidora (OTCMKTS:ASAIY) Sees Unusually-High Trading Volume – Here’s What Happened

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shares saw unusually-high trading volume on Tuesday. 102,209 shares were traded during trading, an increase of 256% from the average daily volume of 28,723 shares. The stock last traded at $7.46 and had previously closed at $7.26.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Sendas Distribuidora from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Sendas Distribuidora Trading Up 1.8%

The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 10.73, a P/E/G ratio of 0.20 and a beta of 0.66. 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 company’s 50-day moving average is $10.23 and its 200-day moving average is $8.85.

Sendas Distribuidora (OTCMKTS:ASAIY) last announced its quarterly earnings data 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 return on equity of 12.02% and a net margin of 1.27%. On average, research analysts predict that Sendas Distribuidora S.A. Sponsored ADR will post 1.29 earnings per share for the current year.

About Sendas Distribuidora

Sendas Distribuidora SA, which operates under the Assaí Atacadista brand, is a Brazilian cash-and-carry retailer serving consumers, small businesses, restaurants, and other commercial customers. The company sells food and beverage products, fresh produce, meat, dairy items, cleaning supplies, personal-care products, and general household merchandise.

Assaí’s wholesale-oriented stores combine retail and bulk purchasing formats, offering products in both consumer-sized packages and larger quantities.