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

Shares of Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) gapped down prior to trading on Monday. The stock had previously closed at $13.76, but opened at $12.50. Sendas Distribuidora shares last traded at $8.90, with a volume of 24,407 shares.

Analysts Set New Price Targets

Separately, Zacks Research raised Sendas Distribuidora from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Sendas Distribuidora presently has an average rating of “Buy”.

Sendas Distribuidora Stock Performance

The firm’s 50-day moving average is $10.23 and its two-hundred day moving average is $8.85.

Sendas Distribuidora (OTCMKTS:ASAIY) last announced 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. Analysts forecast that Sendas Distribuidora S.A. Sponsored ADR will post 1.29 earnings per share for the current year.

About Sendas Distribuidora

Sendas Distribuidora SA, which operates under the Assaí Atacadista brand, is a Brazilian cash-and-carry retailer serving consumers, small businesses, restaurants, and other commercial customers. The company sells food and beverage products, fresh produce, meat, dairy items, cleaning supplies, personal-care products, and general household merchandise.

Assaí’s wholesale-oriented stores combine retail and bulk purchasing formats, offering products in both consumer-sized packages and larger quantities.