Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Down – Time to Sell?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shares gapped down prior to trading on Monday. The stock had previously closed at $13.76, but opened at $12.50. Sendas Distribuidora shares last traded at $8.90, with a volume of 24,407 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Sendas Distribuidora from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Sendas Distribuidora Stock Down 42.7%

The company’s fifty day moving average price is $10.27 and its 200-day moving average price is $9.16. The stock has a market cap of $2.13 billion, a P/E ratio of 11.26, a price-to-earnings-growth ratio of 0.20 and a beta of 0.66. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.61 and a current ratio of 1.12.

Sendas Distribuidora (OTCMKTS:ASAIY) last issued 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 12.02%. Equities analysts forecast that Sendas Distribuidora S.A. Sponsored ADR will post 1.30 EPS for the current 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.