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

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $8.66, but opened at $8.06. Sendas Distribuidora shares last traded at $8.07, with a volume of 2,146 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have recently commented on ASAIY shares. Zacks Research cut Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a 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 analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Sendas Distribuidora Trading Down 0.2%

The company has a market cap of $2.36 billion, a P/E ratio of 15.03, a P/E/G ratio of 0.56 and a beta of 0.83. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.54 and a current ratio of 1.12. The company has a 50 day moving average of $8.49.

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.