Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Up – Still a Buy?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shares gapped up before the market opened on Thursday. The stock had previously closed at $6.92, but opened at $7.57. Sendas Distribuidora shares last traded at $7.58, with a volume of 2,891 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Sendas Distribuidora from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Sendas Distribuidora has an average rating of “Buy”.

Sendas Distribuidora Stock Up 4.8%

The company has a market capitalization of $2.08 billion, a P/E ratio of 10.97, a PEG ratio of 0.10 and a beta of 0.85. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.61 and a current ratio of 1.12. The stock has a 50 day moving average price of $10.14 and a 200 day moving average price of $8.86.

Sendas Distribuidora (OTCMKTS:ASAIY) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.36 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts forecast that Sendas Distribuidora S.A. Sponsored ADR will post 1.29 earnings per share for the current fiscal year.

Sendas Distribuidora Company Profile

Sendas Distribuidora SA, which operates under the Assaí Atacadista brand, is a Brazilian cash-and-carry retailer serving consumers, small businesses, restaurants, and other commercial customers. The company sells food and beverage products, fresh produce, meat, dairy items, cleaning supplies, personal-care products, and general household merchandise.

Assaí’s wholesale-oriented stores combine retail and bulk purchasing formats, offering products in both consumer-sized packages and larger quantities.