Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Down – Should You Sell?

Shares of Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) gapped down prior to trading on Wednesday. The stock had previously closed at $13.39, but opened at $12.24. Sendas Distribuidora shares last traded at $12.24, with a volume of 1,146 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Sendas Distribuidora from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Two equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, Sendas Distribuidora has a consensus rating of “Hold”.

Sendas Distribuidora Trading Down 2.5%

The business’s 50-day simple moving average is $9.42 and its two-hundred day simple moving average is $8.90. The company has a current ratio of 1.12, a quick ratio of 0.61 and a debt-to-equity ratio of 3.83. The company has a market capitalization of $3.33 billion, a PE ratio of 17.56, a PEG ratio of 0.20 and a beta of 0.66.

Sendas Distribuidora (OTCMKTS:ASAIY) last announced its earnings results on Thursday, August 6th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, analysts predict that Sendas Distribuidora S.A. Sponsored ADR will post 1.30 earnings per share for the current year.

Sendas Distribuidora Company Profile

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.