Sendas Distribuidora (OTCMKTS:ASAIY) Stock Price Down 7.5% - Here's Why

Key Points

• Shares fell 7.5% intraday to $8.38 on Friday, with 11,048 shares traded — about a 54% drop from the stock's average session volume.
• Sendas reported an anomalous quarterly EPS of $999.00, beating estimates of $0.03 by $998.97, while revenue of $3.54 billion missed the $3.63 billion estimate; the company posted a net margin of 0.91% and ROE of 7.42%.
• Zacks upgraded the stock from "strong sell" to "hold" and the consensus rating is Hold; valuation and balance-sheet metrics include a $2.56 billion market cap, PE of 19.69, debt-to-equity of 4.32, current ratio 1.12 and quick ratio 0.54.

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY - Get Free Report) shares traded down 7.5% during mid-day trading on Friday . The company traded as low as $8.38 and last traded at $8.38. 11,048 shares changed hands during trading, a decline of 54% from the average session volume of 24,177 shares. The stock had previously closed at $9.06.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Sendas Distribuidora from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 12th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of "Hold".

Sendas Distribuidora Price Performance

The company has a market cap of $2.56 billion, a PE ratio of 19.69 and a beta of 0.80. The business's 50 day moving average price is $8.69 and its 200-day moving average price is $8.19. The company has a quick ratio of 0.54, a current ratio of 1.12 and a debt-to-equity ratio of 4.32.

Sendas Distribuidora (OTCMKTS:ASAIY - Get Free Report) last posted its quarterly earnings data on Monday, April 27th. The company reported $999.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 0.91% and a return on equity of 7.42%. As a group, analysts forecast that Sendas Distribuidora S.A. Sponsored ADR will post 0.54 earnings per share 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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