Sendas Distribuidora (OTCMKTS:ASAIY) Shares Down 7.9% – Here’s What Happened

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

Analyst Ratings Changes

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

Sendas Distribuidora Trading Down 8.0%

The firm has a 50-day moving average of $8.06. The company has a market capitalization of $1.76 billion, a P/E ratio of 11.24, a price-to-earnings-growth ratio of 0.43 and a beta of 0.81. The company has a current ratio of 1.12, a quick ratio of 0.54 and a debt-to-equity ratio of 4.32.

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.