Sendas Distribuidora (OTCMKTS:ASAIY) Sees Strong Trading Volume – What’s Next?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) shares saw unusually-strong trading volume on Tuesday . Approximately 44,629 shares changed hands during mid-day trading, an increase of 102% from the previous session’s volume of 22,040 shares.The stock last traded at $8.47 and had previously closed at $8.23.

Analysts Set New Price Targets

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

Sendas Distribuidora Stock Performance

The stock has a 50-day simple moving average of $7.44. 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 cap of $2.23 billion, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 0.56 and a beta of 0.84.

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.