Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Down – What’s Next?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shares gapped down before the market opened on Monday. The stock had previously closed at $13.76, but opened at $12.50. Sendas Distribuidora shares last traded at $8.90, with a volume of 24,407 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Sendas Distribuidora from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 13th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Sendas Distribuidora currently has a consensus rating of “Buy”.

Sendas Distribuidora Price Performance

The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 0.20 and a beta of 0.66. The stock’s fifty day moving average price is $10.27 and its two-hundred day moving average price is $9.16. The company has a current ratio of 1.12, a quick ratio of 0.61 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 EPS for the quarter, topping analysts’ consensus estimates 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 expect 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.