Sendas Distribuidora (OTCMKTS:ASAIY) Stock Rating Raised to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Sendas Distribuidora (OTCMKTS:ASAIY) from a hold rating to a strong-buy rating in a report released on Tuesday,Zacks reports.

Sendas Distribuidora Price Performance

Shares of OTCMKTS ASAIY opened at $12.70 on Tuesday. Sendas Distribuidora has a twelve month low of $6.20 and a twelve month high of $13.76. The business has a 50 day simple moving average of $9.50 and a 200-day simple moving average of $8.93. The company has a current ratio of 1.12, a quick ratio of 0.61 and a debt-to-equity ratio of 3.83. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 0.18 and a beta of 0.66.

Sendas Distribuidora (OTCMKTS:ASAIY) last posted its earnings results on Thursday, August 6th. The company reported $0.36 earnings per share (EPS) for the quarter, beating 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, equities research analysts expect that Sendas Distribuidora will post 1.30 earnings per share for the current year.

Sendas Distribuidora Company Profile

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.