Sendas Distribuidora (OTCMKTS:ASAIY) Sees Large Volume Increase – Still a Buy?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shares saw strong trading volume on Friday . 17,947 shares were traded during trading, an increase of 162% from the previous session’s volume of 6,851 shares.The stock last traded at $6.9450 and had previously closed at $6.97.

Wall Street Analysts Forecast Growth

Separately, Citigroup downgraded shares of Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 27th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Sendas Distribuidora has an average rating of “Hold”.

Sendas Distribuidora Trading Down 1.5%

The stock has a fifty day simple moving average of $7.86. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.12 and a quick ratio of 0.54. The stock has a market capitalization of $1.86 billion, a PE ratio of 11.84, a PEG ratio of 0.35 and a beta of 0.84.

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.