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

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $7.53, but opened at $8.06. Sendas Distribuidora shares last traded at $8.06, with a volume of 21,596 shares.

Sendas Distribuidora Stock Up 3.9%

The stock has a market cap of $2.26 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 0.13 and a beta of 0.65. The stock has a fifty day moving average of $8.25 and a 200-day moving average of $8.44.

Sendas Distribuidora (OTCMKTS:ASAIY) last posted its quarterly earnings data on Monday, April 27th. The company reported $0.03 EPS for the quarter, meeting the consensus estimate 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 the consensus estimate of $3.63 billion. Equities research analysts forecast that Sendas Distribuidora S.A. Sponsored ADR will post 1.25 earnings per share for the current fiscal year.

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.