Sendas Distribuidora (OTCMKTS:ASAIY) Trading 5.8% Higher – Time to Buy?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s share price rose 5.8% during trading on Thursday . The stock traded as high as $9.55 and last traded at $9.43. 13,795 shares were traded during trading, a decline of 49% from the average daily volume of 27,297 shares. The stock had previously closed at $8.91.

Analysts Set New Price Targets

Separately, Zacks Research raised Sendas Distribuidora from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Sendas Distribuidora presently has an average rating of “Hold”.

Sendas Distribuidora Stock Up 5.6%

The firm has a 50 day moving average of $8.18 and a 200 day moving average of $8.45. The firm has a market cap of $2.55 billion, a PE ratio of 13.44, a P/E/G ratio of 0.14 and a beta of 0.66.

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