Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Up – Still a Buy?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s stock price gapped up before the market opened on Thursday. The stock had previously closed at $10.03, but opened at $10.58. Sendas Distribuidora shares last traded at $10.59, with a volume of 1,203 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Sendas Distribuidora from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Sendas Distribuidora currently has an average rating of “Hold”.

Sendas Distribuidora Price Performance

The company has a debt-to-equity ratio of 3.83, a current ratio of 1.12 and a quick ratio of 0.61. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 0.15 and a beta of 0.66. The stock’s fifty day moving average price is $8.63 and its 200-day moving average price is $8.58.

Sendas Distribuidora (OTCMKTS:ASAIY) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.36 EPS for the quarter, topping 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%. Equities research analysts predict that Sendas Distribuidora S.A. Sponsored ADR will post 1.28 EPS 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.