Sendas Distribuidora (OTCMKTS:ASAIY) Trading 2.3% Higher – Still a Buy?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s share price traded up 2.3% on Friday . The stock traded as high as $8.00 and last traded at $8.00. 61,317 shares changed hands during trading, an increase of 275% from the average session volume of 16,340 shares. The stock had previously closed at $7.82.

Analyst Ratings Changes

A number of analysts recently commented on ASAIY shares. Wall Street Zen lowered Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a research note on Sunday, August 24th. Zacks Research cut shares of Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Sendas Distribuidora currently has an average rating of “Hold”.

Sendas Distribuidora Stock Up 2.3%

The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 0.43 and a beta of 0.84. The company has a quick ratio of 0.53, a current ratio of 1.11 and a debt-to-equity ratio of 4.41. The firm has a fifty day moving average price of $9.00.

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.