Sendas Distribuidora (OTCMKTS:ASAIY) Trading 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.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Wall Street Zen cut Sendas Distribuidora from a "strong-buy" rating to a "hold" rating in a report on Sunday, August 24th. Zacks Research cut Sendas Distribuidora from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 27th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of "Hold".

Sendas Distribuidora Price Performance

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 stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 0.52 and a beta of 0.87.

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.