Sendas Distribuidora (OTCMKTS:ASAIY) Trading Down 7.1% – What’s Next?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s stock price fell 7.1% on Friday . The stock traded as low as $9.55 and last traded at $9.62. 1,349 shares changed hands during trading, a decline of 95% from the average session volume of 26,004 shares. The stock had previously closed at $10.35.

Analysts Set New Price Targets

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 MarketBeat.com, the stock presently has an average rating of “Hold”.

Sendas Distribuidora Trading Up 2.7%

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 has a market capitalization of $2.57 billion, a P/E ratio of 29.72 and a beta of 0.80. The business has a 50 day moving average price of $8.65 and a 200 day moving average price of $8.12.

Sendas Distribuidora (OTCMKTS:ASAIY) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.20). Sendas Distribuidora had a net margin of 0.64% and a return on equity of 8.94%. The company had revenue of $3.85 billion during 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.