Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Down – Time to Sell?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) gapped down prior to trading on Wednesday . The stock had previously closed at $6.60, but opened at $6.38. Sendas Distribuidora shares last traded at $6.93, with a volume of 5,042 shares trading hands.

Analyst Ratings Changes

Several brokerages have issued reports on ASAIY. Citigroup cut shares of Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 27th. Zacks Research lowered shares of Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 27th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Sendas Distribuidora Stock Performance

The company has a current ratio of 1.12, a quick ratio of 0.54 and a debt-to-equity ratio of 4.32. The firm’s 50-day moving average price is $8.10. The stock has a market capitalization of $1.78 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 0.39 and a beta of 0.81.

Sendas Distribuidora Company Profile

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.