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

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) gapped down prior to trading on Tuesday . The stock had previously closed at $8.94, but opened at $8.38. Sendas Distribuidora shares last traded at $8.54, with a volume of 1,883 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Sendas Distribuidora from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 12th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Sendas Distribuidora Stock Up 4.8%

The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 28.47 and a beta of 0.80. The company has a current ratio of 1.12, a quick ratio of 0.54 and a debt-to-equity ratio of 4.32. The firm has a 50 day moving average price of $8.44 and a two-hundred day moving average price of $8.09.

Sendas Distribuidora (OTCMKTS:ASAIY) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.20). The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.93 billion. Sendas Distribuidora had a return on equity of 8.94% and a net margin of 0.64%.

About Sendas Distribuidora

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.