Sendas Distribuidora (OTCMKTS:ASAIY) Shares Down 6.4% - Time to Sell?

Key Points

• Sendas Distribuidora shares fell by 6.4% on Monday, trading as low as $9.38, with a steep decline in trading volume of 99% from the average session.
• Analysts have downgraded the stock from a "strong-buy" to a "hold" rating, resulting in an average rating of "hold" from investment analysts.
• The company has a significant debt-to-equity ratio of 4.41 and a market cap of $2.54 billion, indicating potential financial challenges.

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY - Get Free Report) traded down 6.4% on Monday . The stock traded as low as $9.38 and last traded at $9.38. 1,459 shares traded hands during trading, a decline of 99% from the average session volume of 114,932 shares. The stock had previously closed at $10.02.

Analysts Set New Price Targets

ASAIY has been the subject of several recent research reports. Zacks Research lowered Sendas Distribuidora from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 27th. Wall Street Zen downgraded shares of Sendas Distribuidora from a "strong-buy" rating to a "hold" rating in a research note on Sunday, August 24th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of "Hold".

Sendas Distribuidora Stock Performance

The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.53 and a current ratio of 1.11. The company has a market cap of $2.54 billion, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 0.55 and a beta of 0.87.

About Sendas Distribuidora

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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