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

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $6.97, but opened at $6.65. Sendas Distribuidora shares last traded at $6.65, with a volume of 537 shares trading hands.

Analysts Set New Price Targets

Separately, Citigroup downgraded shares of Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 27th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Sendas Distribuidora currently has an average rating of “Hold”.

Sendas Distribuidora Stock Performance

The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 0.35 and a beta of 0.84. The firm has a 50-day simple moving average of $7.81. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.12 and a quick ratio of 0.54.

About Sendas Distribuidora

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.