Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Up – Should You Buy?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $9.3450, but opened at $9.74. Sendas Distribuidora shares last traded at $9.6262, with a volume of 3,712 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Sendas Distribuidora from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Sendas Distribuidora presently has an average rating of “Hold”.

Sendas Distribuidora Price Performance

The company has a market capitalization of $2.60 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 0.15 and a beta of 0.66. The company’s fifty day moving average is $8.27 and its 200-day moving average is $8.46.

Sendas Distribuidora (OTCMKTS:ASAIY) last announced 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%. Equities research analysts forecast that Sendas Distribuidora S.A. Sponsored ADR will post 1.28 EPS for the current fiscal year.

About Sendas Distribuidora

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.