Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Up – Still a Buy?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $8.59, but opened at $9.0620. Sendas Distribuidora shares last traded at $9.0620, with a volume of 594 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Sendas Distribuidora from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 12th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Sendas Distribuidora Trading Down 6.2%

The company has a market cap of $2.28 billion, a PE ratio of 17.54, a P/E/G ratio of 0.24 and a beta of 0.68. The stock’s 50 day moving average is $9.04 and its 200-day moving average is $8.32. The company has a quick ratio of 0.54, a current ratio of 1.12 and a debt-to-equity ratio of 4.32.

Sendas Distribuidora (OTCMKTS:ASAIY) last released its quarterly earnings results on Monday, April 27th. The company reported $999.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $998.97. Sendas Distribuidora had a net margin of 0.91% and a return on equity of 7.42%. The company had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.63 billion. As a group, sell-side analysts anticipate that Sendas Distribuidora S.A. Sponsored ADR will post 0.77 EPS for the current 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.