Sendas Distribuidora (OTCMKTS:ASAIY) Lowered to "Hold" Rating by Zacks Research

Key Points

• Sendas Distribuidora's stock was downgraded from a "strong-buy" rating to a "hold" rating by Zacks Research, indicating a shift in analyst sentiment.
• The company has a market capitalization of $2.61 billion and notable financial ratios, including a debt-to-equity ratio of 4.41 and a price-to-earnings ratio of 16.66.
• As of the latest report, Sendas Distribuidora's shares opened at $9.66 and have fluctuated between a 12-month low of $4.06 and a high of $10.67.

Sendas Distribuidora (OTCMKTS:ASAIY - Get Free Report) was downgraded by Zacks Research from a "strong-buy" rating to a "hold" rating in a report issued on Wednesday, August 27th,Zacks.com reports.

Separately, Wall Street Zen downgraded Sendas Distribuidora from a "strong-buy" rating to a "hold" rating in a research report on Sunday, August 24th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold".

Sendas Distribuidora Price Performance

Sendas Distribuidora stock traded up $0.16 on Wednesday, reaching $9.54. The company's stock had a trading volume of 805 shares, compared to its average volume of 116,941. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.53 and a current ratio of 1.11. The firm has a market cap of $2.58 billion, a P/E ratio of 16.45, a P/E/G ratio of 0.54 and a beta of 0.87. Sendas Distribuidora has a twelve month low of $4.06 and a twelve month high of $10.67.

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.