Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Down – Here’s Why

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $6.60, but opened at $6.38. Sendas Distribuidora shares last traded at $6.93, with a volume of 5,042 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 27th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, Sendas Distribuidora currently has a consensus rating of “Hold”.

Sendas Distribuidora Trading Up 7.4%

The company has a quick ratio of 0.54, a current ratio of 1.12 and a debt-to-equity ratio of 4.32. The stock has a market cap of $1.92 billion, a PE ratio of 12.22, a PEG ratio of 0.43 and a beta of 0.81. The firm has a 50 day simple moving average of $8.06.

About Sendas Distribuidora

Sendas Distribuidora SA is a Brazilian retail and distribution company that operates in the grocery and consumer goods sector. The company’s core activities include operating retail outlets and managing distribution operations that supply food, beverages, household products and personal-care items to end consumers and commercial customers. Its business model centers on combining in-store retailing with logistics and supply-chain services to move fast‑moving consumer goods across its network.

Product categories handled by Sendas typically include fresh and packaged foods, dairy and frozen goods, beverages, cleaning and household supplies, and health and beauty products.