Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Down – Should You Sell?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shares gapped down prior to trading on Friday . The stock had previously closed at $9.16, but opened at $8.6750. Sendas Distribuidora shares last traded at $8.66, with a volume of 22,767 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Citigroup cut shares of Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 27th. Zacks Research lowered shares of Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 27th. Finally, Wall Street Zen downgraded shares of Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a report on Sunday, August 24th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Sendas Distribuidora currently has a consensus rating of “Hold”.

Sendas Distribuidora Stock Down 10.6%

The company has a debt-to-equity ratio of 4.32, a current ratio of 1.12 and a quick ratio of 0.54. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 14.12, a P/E/G ratio of 0.53 and a beta of 0.81. The stock’s 50-day moving average is $8.38.

Sendas Distribuidora Company Profile

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.