Sendas Distribuidora (OTCMKTS:ASAIY) Reaches New 12-Month High – What’s Next?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s stock price reached a new 52-week high during mid-day trading on Tuesday. The stock traded as high as $13.39 and last traded at $12.9450, with a volume of 158987 shares trading hands. The stock had previously closed at $10.76.

Analysts Set New Price Targets

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

Sendas Distribuidora Stock Performance

The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 17.27, a P/E/G ratio of 0.19 and a beta of 0.66. The company’s fifty day simple moving average is $9.04 and its 200 day simple moving average is $8.74. 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 earnings results on Thursday, August 6th. The company reported $0.36 earnings per share (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%. On average, equities research analysts expect that Sendas Distribuidora S.A. Sponsored ADR will post 1.28 earnings per share for the current year.

About Sendas Distribuidora

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.