Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Down - What's Next?

Key Points

• Sendas shares gapped down premarket Monday, opening at $9.03 after a $9.45 close and last trading at $9.06 on a volume of 11,719 shares.
• Zacks upgraded the stock from "strong sell" to "hold" on March 12; two analysts now rate ASAIY a Hold and MarketBeat's consensus is also Hold.
• Quarterly results showed an anomalous $999.00 EPS that topped the $0.03 estimate while revenue missed ($3.54B vs. $3.63B); the company also has high leverage (debt-to-equity 4.32), weak liquidity (quick ratio 0.54) and a slim net margin (0.91%).

Shares of Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $9.45, but opened at $9.03. Sendas Distribuidora shares last traded at $9.06, with a volume of 11,719 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Sendas Distribuidora from a "strong sell" rating to a "hold" rating in a report on Thursday, March 12th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of "Hold".

Sendas Distribuidora Stock Performance

The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.54 and a current ratio of 1.12. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 18.85 and a beta of 0.71. The company has a fifty day moving average of $8.69 and a two-hundred day moving average of $8.20.

Sendas Distribuidora (OTCMKTS:ASAIY - Get Free Report) last released its quarterly earnings data on Monday, April 27th. The company reported $999.00 earnings per share for the quarter, beating the consensus estimate of $0.03 by $998.97. Sendas Distribuidora had a return on equity of 7.42% and a net margin of 0.91%.The company had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.63 billion. Equities research analysts anticipate that Sendas Distribuidora S.A. Sponsored ADR will post 0.54 EPS for the current 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.

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