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 note issued to investors on Monday, Zacks reports.

Sendas Distribuidora Trading Up 1.1%

Shares of ASAIY opened at $8.13 on Monday. The stock has a 50 day moving average of $8.11 and a 200 day moving average of $8.47. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 0.13 and a beta of 0.66. Sendas Distribuidora has a 12 month low of $6.20 and a 12 month high of $10.35.

Sendas Distribuidora (OTCMKTS:ASAIY) last released its earnings results on Thursday, August 6th. The company reported $0.36 earnings per share for the quarter, beating 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%. As a group, equities research analysts predict that Sendas Distribuidora will post 1.28 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.