Sendas Distribuidora (OTCMKTS:ASAIY) Sees Strong Trading Volume – Time to Buy?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shares saw unusually-high trading volume on Tuesday. Approximately 102,209 shares changed hands during trading, an increase of 256% from the average daily volume of 28,723 shares. The stock last traded at $7.46 and had previously closed at $7.26.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded 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 assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Sendas Distribuidora Trading Up 2.0%

The business’s 50 day moving average price is $10.24 and its two-hundred day moving average price is $8.85. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 10.58, a P/E/G ratio of 0.20 and a beta of 0.66. The company has a current ratio of 1.12, a quick ratio of 0.61 and a debt-to-equity ratio of 3.83.

Sendas Distribuidora (OTCMKTS:ASAIY) last posted its earnings results 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 12.02%. On average, equities analysts predict that Sendas Distribuidora S.A. Sponsored ADR will post 1.30 earnings per share for the current fiscal year.

Sendas Distribuidora Company Profile

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.