Sendas Distribuidora (OTCMKTS:ASAIY) Hits New 1-Year High – What’s Next?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s share price reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $10.36 and last traded at $10.36, with a volume of 388 shares traded. The stock had previously closed at $9.7198.

Analysts Set New Price Targets

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

Sendas Distribuidora Price Performance

The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 14.80, a P/E/G ratio of 0.14 and a beta of 0.66. The company has a current ratio of 1.12, a quick ratio of 0.61 and a debt-to-equity ratio of 3.83. The company has a 50 day moving average of $8.59 and a 200 day moving average of $8.56.

Sendas Distribuidora (OTCMKTS:ASAIY) last posted its 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%. 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 both households and business customers. The company sells food and beverages, fresh and perishable products, personal-care items, cleaning supplies and selected general merchandise through a network of wholesale-oriented stores.

Assaí’s format combines elements of a supermarket and a wholesale club, offering products in both individual and larger-volume packages. Its customer base includes families, restaurants, small retailers, food-service operators and other businesses seeking competitively priced goods.

The company traces its origins to the Assaí business, which was founded in Brazil in 1974 and later became part of Companhia Brasileira de Distribuição, commonly known as GPA.