Sendas Distribuidora (OTCMKTS:ASAIY) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of Sendas Distribuidora (OTCMKTS:ASAIY) from a hold rating to a strong sell rating in a report released on Wednesday morning,Zacks.com reports.

Separately, Citigroup cut Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 27th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Sendas Distribuidora currently has an average rating of “Reduce”.

Sendas Distribuidora Price Performance

OTCMKTS ASAIY opened at $9.48 on Wednesday. The firm has a fifty day moving average of $7.47. Sendas Distribuidora has a 12 month low of $5.12 and a 12 month high of $10.67. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.12 and a quick ratio of 0.54. The stock has a market cap of $2.57 billion, a P/E ratio of 29.63, a price-to-earnings-growth ratio of 0.64 and a beta of 0.84.

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

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.