Sendas Distribuidora (OTCMKTS:ASAIY) Rating Increased to Hold at Zacks Research

Sendas Distribuidora (OTCMKTS:ASAIY) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

Separately, Citigroup cut Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 27th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Sendas Distribuidora Stock Down 4.6%

OTCMKTS ASAIY opened at $7.18 on Thursday. Sendas Distribuidora has a 1-year low of $6.20 and a 1-year high of $10.67. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 0.57 and a beta of 0.82. The stock’s 50 day moving average is $8.13 and its two-hundred day moving average is $8.28. The company has a current ratio of 1.12, a quick ratio of 0.54 and a debt-to-equity ratio of 4.32.

Sendas Distribuidora (OTCMKTS:ASAIY) last issued its earnings results on Wednesday, February 11th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.20). The company had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.93 billion. Sendas Distribuidora had a return on equity of 8.94% and a net margin of 0.64%.

Sendas Distribuidora Company Profile

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.