Sendas Distribuidora (OTCMKTS:ASAIY) Rating Lowered to “Strong Sell” at Zacks Research

Sendas Distribuidora (OTCMKTS:ASAIY) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Wednesday,Zacks.com reports.

Separately, Citigroup lowered shares of Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 27th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

Sendas Distribuidora Price Performance

Shares of ASAIY stock opened at $9.29 on Wednesday. The stock has a fifty day moving average price of $7.44. Sendas Distribuidora has a 1 year low of $5.12 and a 1 year high of $10.67. 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 cap of $2.51 billion, a price-to-earnings ratio of 29.03, a price-to-earnings-growth ratio of 0.61 and a beta of 0.84.

Sendas Distribuidora (OTCMKTS:ASAIY) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.20). Sendas Distribuidora had a net margin of 0.64% and a return on equity of 8.94%.

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.