Sendas Distribuidora (OTCMKTS:ASAIY) Sees Unusually-High Trading Volume – Still a Buy?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shares saw unusually-high trading volume on Monday . Approximately 34,152 shares changed hands during mid-day trading, an increase of 23% from the previous session’s volume of 27,654 shares.The stock last traded at $9.45 and had previously closed at $9.47.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Sendas Distribuidora from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, Sendas Distribuidora has an average rating of “Hold”.

Sendas Distribuidora Price Performance

The company has a market capitalization of $2.56 billion, a PE ratio of 13.50, a price-to-earnings-growth ratio of 0.15 and a beta of 0.66. The firm’s fifty day simple moving average is $8.23 and its 200 day simple moving average is $8.46.

Sendas Distribuidora (OTCMKTS:ASAIY) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.36 EPS 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, equities research analysts anticipate that Sendas Distribuidora S.A. Sponsored ADR will post 1.28 EPS for the current fiscal year.

Sendas Distribuidora Company Profile

Sendas Distribuidora SA, operating under the Assaí Atacadista brand, is a Brazilian cash-and-carry retailer serving both households and business customers. The company sells food and beverages, fresh and perishable products, personal-care items, cleaning supplies and selected general merchandise through a network of wholesale-oriented stores.

Assaí’s format combines elements of a supermarket and a wholesale club, offering products in both individual and larger-volume packages. Its customer base includes families, restaurants, small retailers, food-service operators and other businesses seeking competitively priced goods.

The company traces its origins to the Assaí business, which was founded in Brazil in 1974 and later became part of Companhia Brasileira de Distribuição, commonly known as GPA.