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 Monday. The stock had previously closed at $12.16, but opened at $13.23. Sendas Distribuidora shares last traded at $13.15, with a volume of 1,954 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Sendas Distribuidora from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Sendas Distribuidora Stock Performance

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 has a market capitalization of $3.58 billion, a P/E ratio of 18.87, a P/E/G ratio of 0.18 and a beta of 0.66. The business’s fifty day simple moving average is $9.67 and its 200-day simple moving average is $8.99.

Sendas Distribuidora (OTCMKTS:ASAIY) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.36 earnings per share for the quarter, beating 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%. As a group, equities analysts anticipate that Sendas Distribuidora S.A. Sponsored ADR will post 1.30 earnings per share for the current fiscal 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.