Sendas Distribuidora (OTCMKTS:ASAIY) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Sendas Distribuidora (OTCMKTS:ASAIY) from a strong sell rating to a hold rating in a research report report published on Monday morning,Zacks reports.

Sendas Distribuidora Stock Performance

OTCMKTS:ASAIY opened at $8.13 on Monday. Sendas Distribuidora has a one year low of $6.20 and a one year high of $10.35. The stock has a market cap of $2.20 billion, a PE ratio of 11.61, a P/E/G ratio of 0.13 and a beta of 0.66. The stock has a 50 day moving average price of $8.11 and a 200 day moving average price of $8.47.

Sendas Distribuidora (OTCMKTS:ASAIY) last issued its earnings results on Thursday, August 6th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.10. Sendas Distribuidora had a return on equity of 12.64% and a net margin of 1.27%. As a group, analysts predict that Sendas Distribuidora will post 1.28 earnings per share for the current fiscal year.

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.