Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Down – Should You Sell?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $7.72, but opened at $7.30. Sendas Distribuidora shares last traded at $7.17, with a volume of 2,043 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ASAIY shares. Zacks Research lowered shares of Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 27th. Citigroup cut shares of Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 27th. Finally, Wall Street Zen cut shares of Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a research note on Sunday, August 24th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Sendas Distribuidora Stock Down 0.9%

The company has a quick ratio of 0.54, a current ratio of 1.12 and a debt-to-equity ratio of 4.32. The company has a market capitalization of $1.80 billion, a P/E ratio of 11.45, a PEG ratio of 0.42 and a beta of 0.81. The stock’s 50 day simple moving average is $8.17.

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.