Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Up – Still a Buy?

Shares of Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) gapped up before the market opened on Tuesday . The stock had previously closed at $8.9395, but opened at $9.3070. Sendas Distribuidora shares last traded at $9.3070, with a volume of 2,931 shares.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ASAIY shares. Wall Street Zen cut shares of Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a report on Sunday, August 24th. Zacks Research cut Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 27th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Sendas Distribuidora has an average rating of “Hold”.

Sendas Distribuidora Trading Up 2.5%

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 business’s 50 day moving average price is $8.51. The firm has a market capitalization of $2.34 billion, a PE ratio of 14.93, a price-to-earnings-growth ratio of 0.54 and a beta of 0.83.

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.