Sendas Distribuidora (OTCMKTS:ASAIY) Stock Rating Raised to Strong-Buy at Zacks Research

Sendas Distribuidora (OTCMKTS:ASAIY) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday, Zacks reports.

Sendas Distribuidora Stock Performance

Shares of ASAIY opened at $12.70 on Tuesday. Sendas Distribuidora has a one year low of $6.20 and a one year high of $13.76. The company has a 50-day moving average of $9.50 and a two-hundred day moving average of $8.93. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.12 and a quick ratio of 0.61. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 0.18 and a beta of 0.66.

Sendas Distribuidora (OTCMKTS:ASAIY) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.10. Sendas Distribuidora had a return on equity of 12.02% and a net margin of 1.27%. On average, equities research analysts expect that Sendas Distribuidora will post 1.30 earnings per share for the current year.

About Sendas Distribuidora

Sendas Distribuidora SA, operating under the Assaí Atacadista brand, is a Brazilian cash-and-carry retailer serving households, small businesses, restaurants and other commercial customers. The company sells a broad range of food, beverages, cleaning supplies, personal-care products and other everyday consumer goods through its wholesale-oriented stores.

Assaí combines retail and wholesale formats, offering products in single units as well as larger packs and case quantities. Its operations are supported by in-store services and digital sales channels intended to serve both consumers and professional customers.