Sendas Distribuidora (OTCMKTS:ASAIY) Stock Price Down 5.9% - What's Next?

Key Points

• Sendas Distribuidora's stock price fell by 5.9% to $8.10, with trading volume significantly declining to 7,391 shares, 93% lower than its average daily volume.
• Analysts have downgraded the stock from a "strong-buy" to a "hold" rating, with a consensus rating of "Hold" among equity research analysts.
• Sendas Distribuidora operates 185 stores in Brazil and has a market capitalization of $2.23 billion, alongside a high debt-to-equity ratio of 4.41.

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY - Get Free Report)'s stock price was down 5.9% on Tuesday . The stock traded as low as $8.10 and last traded at $8.10. Approximately 7,391 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 103,564 shares. The stock had previously closed at $8.61.

Analyst Upgrades and Downgrades

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

Sendas Distribuidora Stock Down 4.2%

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 firm has a market cap of $2.23 billion, a PE ratio of 14.22, a P/E/G ratio of 0.47 and a beta of 0.84.

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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