Sendas Distribuidora (OTCMKTS:ASAIY) Sees Unusually-High Trading Volume – Time to Buy?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shares saw strong trading volume on Tuesday . 67,692 shares traded hands during trading, an increase of 160% from the previous session’s volume of 26,085 shares.The stock last traded at $9.06 and had previously closed at $8.53.

Analysts Set New Price Targets

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

Sendas Distribuidora Price Performance

The company has a market capitalization of $2.43 billion, a P/E ratio of 18.67 and a beta of 0.71. The stock’s fifty day simple moving average is $8.89 and its 200-day simple moving average is $8.33. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.12 and a quick ratio of 0.54.

Sendas Distribuidora (OTCMKTS:ASAIY) last posted its quarterly earnings data on Monday, April 27th. The company reported $999.00 earnings per share for the quarter, topping the consensus estimate of $0.03 by $998.97. The business had revenue of $3.54 billion during the quarter, compared to analysts’ expectations of $3.63 billion. Sendas Distribuidora had a return on equity of 7.42% and a net margin of 0.91%. On average, equities analysts forecast that Sendas Distribuidora S.A. Sponsored ADR will post 0.57 earnings per share for the current fiscal year.

Sendas Distribuidora Company Profile

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.