Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Down – Should You Sell?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $8.69, but opened at $7.93. Sendas Distribuidora shares last traded at $7.94, with a volume of 300 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research cut Sendas Distribuidora from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

Sendas Distribuidora Trading Down 0.4%

The firm’s fifty day moving average price is $8.09 and its 200 day moving average price is $8.48. The firm has a market capitalization of $2.11 billion, a PE ratio of 11.14, a P/E/G ratio of 0.13 and a beta of 0.66.

Sendas Distribuidora (OTCMKTS:ASAIY) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.10. Sendas Distribuidora had a net margin of 1.27% and a return on equity of 12.64%. On average, analysts predict that Sendas Distribuidora S.A. Sponsored ADR will post 1.28 earnings per share for the current year.

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.