Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Up – Here’s What Happened

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $7.53, but opened at $8.06. Sendas Distribuidora shares last traded at $8.06, with a volume of 21,596 shares trading hands.

Sendas Distribuidora Trading Up 7.0%

The firm has a market capitalization of $2.18 billion, a P/E ratio of 16.79, a PEG ratio of 0.13 and a beta of 0.65. The business has a 50 day moving average of $8.26 and a 200-day moving average of $8.42.

Sendas Distribuidora (OTCMKTS:ASAIY) last announced its quarterly earnings results on Monday, April 27th. The company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. The firm had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.63 billion. Sendas Distribuidora had a net margin of 0.91% and a return on equity of 7.42%. On average, analysts anticipate that Sendas Distribuidora S.A. Sponsored ADR will post 1.25 EPS for the current fiscal year.

About Sendas Distribuidora

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.