Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Down – Here’s Why

Shares of Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) gapped down prior to trading on Friday . The stock had previously closed at $9.48, but opened at $9.19. Sendas Distribuidora shares last traded at $9.24, with a volume of 419 shares.

Analyst Upgrades and Downgrades

ASAIY has been the subject of a number of research analyst reports. Zacks Research downgraded shares of Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 27th. Wall Street Zen downgraded shares of Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a research report on Sunday, August 24th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Sendas Distribuidora Stock Performance

The company has a market capitalization of $2.60 billion, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 0.52 and a beta of 0.87. The company has a current ratio of 1.11, a quick ratio of 0.53 and a debt-to-equity ratio of 4.41.

About Sendas Distribuidora

Sendas Distribuidora SA engages in the retail and wholesale sale of food products, bazaar items, and other products in Brazil. As of April 22, 2021, the company operated 185 stores under the Assaí banner, as well as 10 distribution centers. It serves restaurants, pizzerias, snack bars, schools, small businesses, religious institutions, hospitals, hotels, grocery stores, neighborhood supermarkets, and individuals.