Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Down – Should You Sell?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shares gapped down prior to trading on Monday . The stock had previously closed at $8.34, but opened at $7.88. Sendas Distribuidora shares last traded at $7.88, with a volume of 1,134 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Sendas Distribuidora from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Sendas Distribuidora Stock Performance

The business has a 50 day moving average price of $8.18 and a two-hundred day moving average price of $8.50. The company has a market cap of $2.15 billion, a P/E ratio of 11.34, a price-to-earnings-growth ratio of 0.13 and a beta of 0.66.

Sendas Distribuidora (OTCMKTS:ASAIY) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.36 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts expect that Sendas Distribuidora S.A. Sponsored ADR will post 1.25 EPS for the current year.

Sendas Distribuidora Company Profile

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.