Sendas Distribuidora (OTCMKTS:ASAIY) Trading Down 7.9% – Should You Sell?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) traded down 7.9% during mid-day trading on Friday . The stock traded as low as $6.5320 and last traded at $6.5320. 4,488 shares were traded during mid-day trading, a decline of 95% from the average session volume of 86,156 shares. The stock had previously closed at $7.09.

Analysts Set New Price Targets

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

Sendas Distribuidora Stock Performance

The firm has a market cap of $1.78 billion, a PE ratio of 11.36, a PEG ratio of 0.40 and a beta of 0.81. The stock’s 50-day simple moving average is $8.03. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.54 and a current ratio of 1.12.

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.