Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Down – Time to Sell?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) gapped down prior to trading on Friday . The stock had previously closed at $9.14, but opened at $8.65. Sendas Distribuidora shares last traded at $8.73, with a volume of 454 shares traded.

Analysts Set New Price Targets

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

Sendas Distribuidora Price Performance

The company has a market cap of $2.37 billion, a price-to-earnings ratio of 18.21 and a beta of 0.71. The company has a fifty day moving average price of $8.89 and a two-hundred day moving average price of $8.33. The company has a current ratio of 1.12, a quick ratio of 0.54 and a debt-to-equity ratio of 4.32.

Sendas Distribuidora (OTCMKTS:ASAIY) last announced its quarterly earnings data on Monday, April 27th. The company reported $999.00 earnings per share for the quarter, topping the consensus estimate of $0.03 by $998.97. The company had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.63 billion. Sendas Distribuidora had a return on equity of 7.42% and a net margin of 0.91%. As a group, equities research analysts anticipate that Sendas Distribuidora S.A. Sponsored ADR will post 0.57 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.