Sendas Distribuidora (OTCMKTS:ASAIY) Hits New 52-Week High – Time to Buy?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s share price reached a new 52-week high on Tuesday. The company traded as high as $14.44 and last traded at $13.7640, with a volume of 15,855 shares trading hands. The stock had previously closed at $13.2260.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of 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 given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Sendas Distribuidora Stock 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 company has a 50 day simple moving average of $10.03 and a 200-day simple moving average of $9.09. The stock has a market capitalization of $3.73 billion, a P/E ratio of 27.76, a price-to-earnings-growth ratio of 0.20 and a beta of 0.66.

Sendas Distribuidora (OTCMKTS:ASAIY) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.10. Sendas Distribuidora had a return on equity of 12.02% and a net margin of 1.27%. On average, equities analysts forecast that Sendas Distribuidora S.A. Sponsored ADR will post 1.30 EPS for the current year.

Sendas Distribuidora Company Profile

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.