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

Key Points

• Sendas Distribuidora's stock gapped down from $9.98 to $9.33, marking a significant decline before the market opened on Tuesday.
• Research analysts, including Zacks Research and Wall Street Zen, have downgraded the company's rating from "strong-buy" to "hold."
• The company currently has a debt-to-equity ratio of 4.41 and a market capitalization of $2.57 billion, indicating a high reliance on debt for financing.

Shares of Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $9.98, but opened at $9.33. Sendas Distribuidora shares last traded at $9.33, with a volume of 278 shares changing hands.

Wall Street Analyst Weigh In

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

Sendas Distribuidora Stock Up 5.7%

The company has a current ratio of 1.11, a quick ratio of 0.53 and a debt-to-equity ratio of 4.41. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 0.52 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.