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

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s stock price gapped up prior to trading on Thursday. The stock had previously closed at $6.92, but opened at $7.57. Sendas Distribuidora shares last traded at $7.58, with a volume of 2,891 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Sendas Distribuidora from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy”.

Sendas Distribuidora Trading Up 4.3%

The firm has a market cap of $2.16 billion, a P/E ratio of 11.37, a PEG ratio of 0.11 and a beta of 0.85. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.12 and a quick ratio of 0.61. The stock has a 50 day moving average of $10.14 and a 200 day moving average of $8.87.

Sendas Distribuidora (OTCMKTS:ASAIY) last announced its quarterly earnings data on Friday, November 6th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.81 billion. Sendas Distribuidora had a return on equity of 12.02% and a net margin of 1.27%. As a group, equities research analysts predict that Sendas Distribuidora S.A. Sponsored ADR will post 1.29 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.