Sendas Distribuidora (OTCMKTS:ASAIY) Sees Strong Trading Volume – Here’s What Happened

Shares of Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) saw strong trading volume on Tuesday. 102,209 shares changed hands during trading, an increase of 256% from the average daily volume of 28,723 shares. The stock last traded at $7.46 and had previously closed at $7.26.

Analysts Set New Price Targets

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 company. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Sendas Distribuidora Trading Up 2.0%

The company’s 50 day simple moving average is $10.24 and its two-hundred day simple moving average is $8.85. The company has a quick ratio of 0.61, a current ratio of 1.12 and a debt-to-equity ratio of 3.83. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 10.58, a P/E/G ratio of 0.20 and a beta of 0.66.

Sendas Distribuidora (OTCMKTS:ASAIY) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.36 earnings per share 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%. As a group, research analysts anticipate that Sendas Distribuidora S.A. Sponsored ADR will post 1.30 earnings per share for the current fiscal year.

About Sendas Distribuidora

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.