Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Down - What's Next?

Key Points

• Sendas Distribuidora's share price gapped down from $9.55 to $8.86 prior to trading on Thursday, resulting in a trading volume of 3,397 shares.
• Analysts have downgraded the stock from a "strong-buy" rating to a "hold" rating, leading to a current consensus rating of "Hold".
• The company operates 185 stores in Brazil, providing a range of food and other products, and has a market capitalization of $2.36 billion.

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY - Get Free Report)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $9.55, but opened at $8.86. Sendas Distribuidora shares last traded at $8.86, with a volume of 3,397 shares traded.

Analysts Set New Price Targets

Several research firms have weighed in on ASAIY. 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. Zacks Research downgraded shares of 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 data from MarketBeat, the stock presently has a consensus rating of "Hold".

Sendas Distribuidora Trading Down 8.9%

The firm has a market cap of $2.36 billion, a PE ratio of 15.00, a PEG ratio of 0.51 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.

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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