Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Up – Here’s What Happened

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s share price gapped up before the market opened on Monday. The stock had previously closed at $12.16, but opened at $13.23. Sendas Distribuidora shares last traded at $13.15, with a volume of 1,954 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Sendas Distribuidora from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Sendas Distribuidora Trading Up 4.9%

The stock has a market capitalization of $3.76 billion, a PE ratio of 19.83, a PEG ratio of 0.19 and a beta of 0.66. The company has a quick ratio of 0.61, a current ratio of 1.12 and a debt-to-equity ratio of 3.83. The business’s 50-day moving average is $9.91 and its two-hundred day moving average is $9.05.

Sendas Distribuidora (OTCMKTS:ASAIY) last posted its earnings results 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 return on equity of 12.02% and a net margin of 1.27%. On average, analysts anticipate that Sendas Distribuidora S.A. Sponsored ADR will post 1.30 earnings per share for the current fiscal year.

About Sendas Distribuidora

Sendas Distribuidora SA, which operates under the Assaí Atacadista brand, is a Brazilian cash-and-carry retailer serving consumers, small businesses, restaurants, and other commercial customers. The company sells food and beverage products, fresh produce, meat, dairy items, cleaning supplies, personal-care products, and general household merchandise.

Assaí’s wholesale-oriented stores combine retail and bulk purchasing formats, offering products in both consumer-sized packages and larger quantities.