Sendas Distribuidora (OTCMKTS:ASAIY) Shares Down 9.5% – Here’s Why

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s share price dropped 9.5% during trading on Wednesday . The stock traded as low as $6.78 and last traded at $6.78. 2,054 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 88,140 shares. The stock had previously closed at $7.49.

Wall Street Analysts Forecast Growth

ASAIY has been the subject of several research reports. Citigroup lowered shares of Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 27th. Zacks Research lowered shares of Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 27th. Finally, Wall Street Zen lowered shares of Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a research report on Sunday, August 24th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Sendas Distribuidora Price Performance

The company’s fifty day moving average is $8.20. 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 stock has a market cap of $1.83 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 0.45 and a beta of 0.81.

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.