Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Down – What’s Next?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) gapped down before the market opened on Monday . The stock had previously closed at $8.98, but opened at $7.76. Sendas Distribuidora shares last traded at $8.28, with a volume of 3,646 shares.

Wall Street Analysts Forecast Growth

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

Sendas Distribuidora Trading Down 1.5%

The stock has a market capitalization of $2.25 billion, a P/E ratio of 17.28, a PEG ratio of 0.22 and a beta of 0.68. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.12 and a quick ratio of 0.54. The business’s 50 day simple moving average is $9.04 and its 200-day simple moving average is $8.32.

Sendas Distribuidora (OTCMKTS:ASAIY) last announced its quarterly earnings data 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 firm had revenue of $3.54 billion for the quarter, compared to analysts’ expectations of $3.63 billion. As a group, analysts forecast 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.