Sendas Distribuidora (OTCMKTS:ASAIY) Upgraded at Zacks Research

Zacks Research upgraded shares of Sendas Distribuidora (OTCMKTS:ASAIY) from a strong sell rating to a hold rating in a research note issued to investors on Thursday morning,Zacks.com reports.

Separately, Citigroup lowered shares of Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 27th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Sendas Distribuidora Stock Performance

Shares of ASAIY opened at $7.18 on Thursday. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 22.44, a price-to-earnings-growth ratio of 0.54 and a beta of 0.82. The company has a quick ratio of 0.54, a current ratio of 1.12 and a debt-to-equity ratio of 4.32. Sendas Distribuidora has a 12 month low of $6.20 and a 12 month high of $10.67. The company’s fifty day moving average is $8.13 and its 200-day moving average is $8.27.

Sendas Distribuidora (OTCMKTS:ASAIY) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.20). Sendas Distribuidora had a return on equity of 8.94% and a net margin of 0.64%.The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.93 billion.

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.