Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Up – Should You Buy?

Shares of Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) gapped up before the market opened on Friday . The stock had previously closed at $9.11, but opened at $9.79. Sendas Distribuidora shares last traded at $9.78, with a volume of 12,885 shares changing hands.

Wall Street Analysts Forecast Growth

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

Sendas Distribuidora Stock Performance

The company has a current ratio of 1.12, a quick ratio of 0.54 and a debt-to-equity ratio of 4.32. The company’s fifty day moving average is $8.50 and its 200 day moving average is $8.09. The company has a market cap of $2.65 billion, a P/E ratio of 30.56 and a beta of 0.80.

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

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.