Sendas Distribuidora (OTCMKTS:ASAIY) Trading 4.7% Higher – What’s Next?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) traded up 4.7% on Monday . The stock traded as high as $8.17 and last traded at $8.17. 1,100 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 27,080 shares. The stock had previously closed at $7.80.

Analysts Set New Price Targets

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

Sendas Distribuidora Stock Performance

The business has a 50 day simple moving average of $8.09 and a 200-day simple moving average of $8.48. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 11.36, a P/E/G ratio of 0.12 and a beta of 0.66.

Sendas Distribuidora (OTCMKTS:ASAIY) last announced its earnings results on Thursday, August 6th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.10. Sendas Distribuidora had a net margin of 1.27% and a return on equity of 12.64%. Equities analysts predict that Sendas Distribuidora S.A. Sponsored ADR will post 1.28 earnings per share for the current fiscal 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.