Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Up – Here’s What Happened

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $7.98, but opened at $8.30. Sendas Distribuidora shares last traded at $8.29, with a volume of 5,499 shares trading hands.

Sendas Distribuidora Stock Performance

The firm has a 50-day simple moving average of $8.30 and a two-hundred day simple moving average of $8.41. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 16.40, a P/E/G ratio of 0.14 and a beta of 0.65.

Sendas Distribuidora (OTCMKTS:ASAIY) last released its earnings results on Monday, April 27th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. Sendas Distribuidora had a return on equity of 7.42% and a net margin of 0.91%.The firm had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.63 billion. As a group, equities analysts forecast that Sendas Distribuidora S.A. Sponsored ADR will post 1.25 EPS for the current fiscal year.

About Sendas Distribuidora

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.