Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Up – Here’s What Happened

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $7.63, but opened at $8.2475. Sendas Distribuidora shares last traded at $8.2650, with a volume of 2,307 shares.

Analyst Upgrades and Downgrades

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

Sendas Distribuidora Stock Performance

The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 0.52 and a beta of 0.84. The company has a current ratio of 1.12, a quick ratio of 0.54 and a debt-to-equity ratio of 4.32. The company has a 50-day moving average price of $7.53.

Sendas Distribuidora Company Profile

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.