Sendas Distribuidora (OTCMKTS:ASAIY) Sees Large Volume Increase – Still a Buy?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) saw an uptick in trading volume on Monday . Approximately 34,152 shares changed hands during trading, an increase of 23% from the previous session’s volume of 27,654 shares.The stock last traded at $9.45 and had previously closed at $9.47.

Wall Street Analyst Weigh In

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

Sendas Distribuidora Stock Performance

The company has a market capitalization of $2.56 billion, a PE ratio of 13.50, a price-to-earnings-growth ratio of 0.15 and a beta of 0.66. The firm’s 50-day simple moving average is $8.23 and its 200 day simple moving average is $8.46.

Sendas Distribuidora (OTCMKTS:ASAIY) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.10. Sendas Distribuidora had a net margin of 1.27% and a return on equity of 12.64%. As a group, equities analysts anticipate that Sendas Distribuidora S.A. Sponsored ADR will post 1.28 earnings per share for the current year.

About Sendas Distribuidora

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.