Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Up Following Analyst Upgrade

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shares gapped up before the market opened on Tuesday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. The stock had previously closed at $7.80, but opened at $8.15. Sendas Distribuidora shares last traded at $8.26, with a volume of 3,221 shares traded.

Sendas Distribuidora Price Performance

The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 12.59, a P/E/G ratio of 0.13 and a beta of 0.66. The business has a 50-day moving average of $8.13 and a 200-day moving average of $8.46.

Sendas Distribuidora (OTCMKTS:ASAIY) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.26 by $0.10. Sendas Distribuidora had a return on equity of 12.64% and a net margin of 1.27%. As a group, equities analysts anticipate that Sendas Distribuidora S.A. Sponsored ADR will post 1.28 EPS 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.