Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Down – Time to Sell?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $8.98, but opened at $7.76. Sendas Distribuidora shares last traded at $8.28, with a volume of 3,646 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research upgraded 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.com, the stock presently has an average rating of “Hold”.

Sendas Distribuidora Stock Up 2.1%

The business has a 50 day moving average of $9.05 and a 200-day moving average of $8.31. The stock has a market cap of $2.23 billion, a PE ratio of 17.19, a P/E/G ratio of 0.22 and a beta of 0.68. The company has a current ratio of 1.12, a quick ratio of 0.54 and a debt-to-equity ratio of 4.32.

Sendas Distribuidora (OTCMKTS:ASAIY) last released its quarterly earnings results on Monday, April 27th. The company reported $999.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $998.97. The firm had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.63 billion. Sendas Distribuidora had a return on equity of 7.42% and a net margin of 0.91%. Equities research analysts predict that Sendas Distribuidora S.A. Sponsored ADR will post 0.77 EPS for the current fiscal year.

About Sendas Distribuidora

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.