Sendas Distribuidora (OTCMKTS:ASAIY) Trading Down 7.1% - Here's What Happened

Key Points

• Shares fell 7.1% on Friday to $9.62 (intraday low $9.55) on very light volume—1,349 shares traded, about a 95% drop from the 26,004 average.
• Quarterly results missed expectations: EPS was $0.01 versus $0.21 expected and revenue was $3.85B vs. $3.93B, with a slim net margin (0.64%) and a high debt-to-equity ratio (4.32).
• Analyst view moved to "Hold": Zacks upgraded the stock from "Strong Sell" to "Hold," and the consensus rating is currently "Hold" from two analysts.

Shares of Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY - Get Free Report) fell 7.1% on Friday . The stock traded as low as $9.55 and last traded at $9.62. 1,349 shares were traded during mid-day trading, a decline of 95% from the average session volume of 26,004 shares. The stock had previously closed at $10.35.

Analyst Ratings Changes

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

Sendas Distribuidora Stock Performance

The firm has a market capitalization of $2.58 billion, a P/E ratio of 29.75 and a beta of 0.80. The stock has a fifty day moving average of $8.63 and a 200-day moving average of $8.12. 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 released its quarterly earnings data on Wednesday, February 11th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.20). The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.93 billion. Sendas Distribuidora had a net margin of 0.64% and a return on equity of 8.94%.

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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