Sendas Distribuidora (OTCMKTS:ASAIY) Sees Strong Trading Volume – Here’s Why

Shares of Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) saw strong trading volume on Friday . 17,947 shares were traded during trading, an increase of 162% from the previous session’s volume of 6,851 shares.The stock last traded at $6.9450 and had previously closed at $6.97.

Wall Street Analyst Weigh In

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

Sendas Distribuidora Trading Down 1.7%

The business’s 50 day moving average is $7.88. 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 firm has a market capitalization of $1.85 billion, a P/E ratio of 11.81, a P/E/G ratio of 0.36 and a beta of 0.84.

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.