Sendas Distribuidora (OTCMKTS:ASAIY) Trading Down 9.1% – Here’s What Happened

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s stock price dropped 9.1% during trading on Wednesday . The company traded as low as $8.65 and last traded at $8.65. Approximately 16,265 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 25,301 shares. The stock had previously closed at $9.52.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Sendas Distribuidora from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 12th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Sendas Distribuidora Trading Down 10.3%

The stock has a market cap of $2.31 billion, a PE ratio of 17.79 and a beta of 0.71. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.54 and a current ratio of 1.12. The stock has a fifty day moving average price of $8.73 and a 200 day moving average price of $8.27.

Sendas Distribuidora (OTCMKTS:ASAIY) last issued 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 company had revenue of $3.54 billion during 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 analysts expect that Sendas Distribuidora S.A. Sponsored ADR will post 0.54 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.