Sendas Distribuidora (OTCMKTS:ASAIY) Stock Price Down 9.5% – Time to Sell?

Shares of Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) fell 9.5% during trading on Wednesday . The stock traded as low as $6.78 and last traded at $6.78. 2,054 shares were traded during trading, a decline of 98% from the average session volume of 88,140 shares. The stock had previously closed at $7.49.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ASAIY. Citigroup downgraded shares of Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 27th. Wall Street Zen cut shares of Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a report on Sunday, August 24th. Finally, Zacks Research lowered Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 27th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Sendas Distribuidora Stock Down 3.7%

The stock has a 50-day simple moving average of $8.20. The firm has a market capitalization of $1.83 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 0.45 and a beta of 0.81. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.12 and a quick ratio of 0.54.

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.