Sendas Distribuidora (OTCMKTS:ASAIY) Lowered to "Hold" Rating by Wall Street Zen

Key Points

• Sendas Distribuidora has been downgraded from a "strong-buy" rating to a "hold" rating by Wall Street Zen, indicating a shift in analysts' outlook on the stock.
• The company's stock opened at $9.37 and has a market capitalization of $2.54 billion, reflecting its performance in the retail and wholesale market in Brazil.
• Sendas operates 185 stores under the Assaí banner and serves a diverse customer base, including restaurants, schools, and hospitals.

Sendas Distribuidora (OTCMKTS:ASAIY - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "hold" rating in a report issued on Sunday.

Sendas Distribuidora Stock Performance

OTCMKTS:ASAIY opened at $9.37 on Friday. The company has a quick ratio of 0.53, a current ratio of 1.11 and a debt-to-equity ratio of 4.41. The firm has a market capitalization of $2.54 billion, a PE ratio of 16.16, a P/E/G ratio of 0.48 and a beta of 0.86. Sendas Distribuidora has a one year low of $4.0550 and a one year high of $10.67.

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.

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