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

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) gapped down prior to trading on Friday . The stock had previously closed at $9.14, but opened at $8.65. Sendas Distribuidora shares last traded at $8.73, with a volume of 454 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised 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, Sendas Distribuidora has an average rating of “Hold”.

Sendas Distribuidora Stock Performance

The stock has a market capitalization of $2.35 billion, a PE ratio of 18.12 and a beta of 0.71. The business has a 50 day moving average price of $8.91 and a 200 day moving average price of $8.33. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.12 and a quick ratio of 0.54.

Sendas Distribuidora (OTCMKTS:ASAIY) last released its quarterly earnings data on Monday, April 27th. The company reported $999.00 EPS for the quarter, beating the consensus estimate of $0.03 by $998.97. Sendas Distribuidora had a return on equity of 7.42% and a net margin of 0.91%.The company had revenue of $3.54 billion for the quarter, compared to analysts’ expectations of $3.63 billion. As a group, equities research analysts expect that Sendas Distribuidora S.A. Sponsored ADR will post 0.57 earnings per share for the current year.

Sendas Distribuidora Company Profile

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.