Sendas Distribuidora (OTCMKTS:ASAIY) Sees Strong Trading Volume After Analyst Upgrade

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shares saw strong trading volume on Friday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. 107,948 shares traded hands during trading, an increase of 293% from the previous session’s volume of 27,460 shares.The stock last traded at $7.62 and had previously closed at $7.53.

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

Sendas Distribuidora Stock Performance

The company has a quick ratio of 0.54, a current ratio of 1.12 and a debt-to-equity ratio of 4.32. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 22.44, a P/E/G ratio of 0.54 and a beta of 0.82. The company has a 50 day simple moving average of $8.13 and a 200 day simple moving average of $8.27.

Sendas Distribuidora (OTCMKTS:ASAIY) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates 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.