Sendas Distribuidora (OTCMKTS:ASAIY) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s stock price passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $8.85 and traded as low as $7.17. Sendas Distribuidora shares last traded at $7.5196, with a volume of 267,337 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Sendas Distribuidora from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Sendas Distribuidora currently has a consensus rating of “Buy”.

Sendas Distribuidora Trading Down 0.4%

The firm has a market cap of $1.99 billion, a PE ratio of 10.50, a P/E/G ratio of 0.20 and a beta of 0.66. The company’s fifty day moving average price is $10.23 and its two-hundred day moving average price is $8.85. The company has a quick ratio of 0.61, a current ratio of 1.12 and a debt-to-equity ratio of 3.83.

Sendas Distribuidora (OTCMKTS:ASAIY) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate 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, sell-side analysts forecast that Sendas Distribuidora S.A. Sponsored ADR will post 1.29 earnings per share for the current fiscal 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.