Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Up - Should You Buy?

Key Points

• Sendas Distribuidora shares experienced a price increase, opening at $7.73 after closing at $7.25, with a total trading volume of 402 shares.
• Equities research analysts from Wall Street Zen and Zacks Research have downgraded the stock from a "strong-buy" rating to a "hold" rating, reflecting a consensus rating of "Hold" among analysts.
• The company operates 185 stores under the Assaí banner in Brazil and serves a variety of sectors, including restaurants, schools, and small businesses.

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY - Get Free Report)'s share price gapped up before the market opened on Friday . The stock had previously closed at $7.25, but opened at $7.73. Sendas Distribuidora shares last traded at $7.73, with a volume of 402 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Wall Street Zen lowered Sendas Distribuidora from a "strong-buy" rating to a "hold" rating in a research report on Sunday, August 24th. Zacks Research lowered Sendas Distribuidora from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold".

Sendas Distribuidora Price Performance

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 cap of $2.06 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 0.40 and a beta of 0.84. The firm's fifty day simple moving average is $8.89.

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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