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

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $7.07, but opened at $7.4625. Sendas Distribuidora shares last traded at $7.14, with a volume of 3,046 shares traded.

Analyst Upgrades and Downgrades

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 research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Sendas Distribuidora Stock Down 1.5%

The stock has a 50 day moving average of $7.88. The stock has a market capitalization of $1.86 billion, a P/E ratio of 11.84, a P/E/G ratio of 0.36 and a beta of 0.84. The company has a current ratio of 1.12, a quick ratio of 0.54 and a debt-to-equity ratio of 4.32.

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.