Zacks Research Upgrades Sendas Distribuidora (OTCMKTS:ASAIY) to Hold

Sendas Distribuidora (OTCMKTS:ASAIY) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday, Zacks reports.

Sendas Distribuidora Stock Performance

Shares of OTCMKTS ASAIY opened at $8.13 on Monday. Sendas Distribuidora has a fifty-two week low of $6.20 and a fifty-two week high of $10.35. The company has a market cap of $2.20 billion, a PE ratio of 11.61, a P/E/G ratio of 0.13 and a beta of 0.66. The business has a 50-day simple moving average of $8.11 and a two-hundred day simple moving average of $8.47.

Sendas Distribuidora (OTCMKTS:ASAIY) last released 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 net margin of 1.27% and a return on equity of 12.64%. On average, sell-side analysts predict that Sendas Distribuidora will post 1.28 earnings per share for the current fiscal 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.