Sendas Distribuidora (OTCMKTS:ASAIY) Shares Down 5.1% – What’s Next?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s stock price fell 5.1% during trading on Thursday . The company traded as low as $7.7412 and last traded at $7.83. 2,972 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 27,460 shares. The stock had previously closed at $8.25.

Analyst Upgrades and Downgrades

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

Sendas Distribuidora Price Performance

The company has a quick ratio of 0.54, a current ratio of 1.12 and a debt-to-equity ratio of 4.32. The business’s 50-day moving average is $9.04 and its two-hundred day moving average is $8.30. The company has a market capitalization of $2.13 billion, a P/E ratio of 16.42, a price-to-earnings-growth ratio of 0.22 and a beta of 0.68.

Sendas Distribuidora (OTCMKTS:ASAIY) last released its quarterly earnings results on Monday, April 27th. The company reported $999.00 earnings per share 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 analyst estimates of $3.63 billion. As a group, analysts predict that Sendas Distribuidora S.A. Sponsored ADR will post 0.77 earnings per share 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.