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 $8.66, but opened at $8.06. Sendas Distribuidora shares last traded at $8.07, with a volume of 2,146 shares traded.

Wall Street Analyst Weigh In

ASAIY has been the topic of several research analyst reports. Zacks Research cut Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 27th. Wall Street Zen cut shares of Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a report on Sunday, August 24th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Sendas Distribuidora Stock Performance

The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 0.56 and a beta of 0.83. 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 stock’s 50 day simple moving average is $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.