Sendas Distribuidora (OTCMKTS:ASAIY) Shares Gap Up – Here’s Why

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $6.44, but opened at $6.69. Sendas Distribuidora shares last traded at $6.71, with a volume of 2,034 shares changing hands.

Analyst Upgrades and Downgrades

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

Sendas Distribuidora Stock Up 4.2%

The stock has a market cap of $1.82 billion, a P/E ratio of 11.57, a PEG ratio of 0.40 and a beta of 0.81. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.54 and a current ratio of 1.12. The company’s 50 day moving average is $8.00.

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.