Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Down - Should You Sell?

Key Points

• Sendas Distribuidora shares experienced a significant drop, opening at $9.68 after closing at $10.17, with the last traded price being $9.88.
• Research firms have downgraded Sendas Distribuidora from a "strong-buy" rating to a "hold" rating, reflecting concerns about the stock's performance.
• The company has a market capitalization of $2.66 billion with financial metrics including a debt-to-equity ratio of 4.41 and a P/E ratio of 16.97.

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $10.17, but opened at $9.68. Sendas Distribuidora shares last traded at $9.88, with a volume of 801 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ASAIY shares. Wall Street Zen lowered Sendas Distribuidora from a "strong-buy" rating to a "hold" rating in a research note on Sunday, August 24th. Zacks Research lowered Sendas Distribuidora from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 27th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of "Hold".

Sendas Distribuidora Price Performance

The company has a market cap of $2.61 billion, a P/E ratio of 16.66, a price-to-earnings-growth ratio of 0.53 and a beta of 0.87. The company has a quick ratio of 0.53, a current ratio of 1.11 and a debt-to-equity ratio of 4.41.

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.