Shares of Sendas Distribuidora S.A. (NYSE:ASAI - Get Free Report) saw strong trading volume on Wednesday . 236,072 shares changed hands during trading, a decline of 46% from the previous session's volume of 436,351 shares.The stock last traded at $4.48 and had previously closed at $4.59.
Wall Street Analysts Forecast Growth
ASAI has been the topic of several recent research reports. Hsbc Global Res raised shares of Sendas Distribuidora to a "strong-buy" rating in a research note on Tuesday, September 24th. Bank of America cut shares of Sendas Distribuidora from a "buy" rating to a "neutral" rating and set a $9.10 price objective on the stock. in a research note on Friday, September 13th.
Check Out Our Latest Stock Analysis on Sendas Distribuidora
Sendas Distribuidora Stock Up 2.0 %
The company has a debt-to-equity ratio of 4.15, a current ratio of 0.86 and a quick ratio of 0.43. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 10.17, a price-to-earnings-growth ratio of 0.44 and a beta of 0.95. The firm has a 50 day simple moving average of $5.48 and a two-hundred day simple moving average of $7.33.
Sendas Distribuidora Cuts Dividend
The company also recently disclosed a -- dividend, which will be paid on Friday, March 7th. Investors of record on Friday, January 10th will be paid a dividend of $0.0488 per share. The ex-dividend date of this dividend is Friday, January 10th. Sendas Distribuidora's payout ratio is 8.70%.
Institutional Trading of Sendas Distribuidora
A number of large investors have recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in Sendas Distribuidora by 145.6% during the 3rd quarter. Blue Trust Inc. now owns 3,716 shares of the company's stock worth $26,000 after buying an additional 2,203 shares during the period. Signaturefd LLC increased its position in shares of Sendas Distribuidora by 186.4% during the third quarter. Signaturefd LLC now owns 10,091 shares of the company's stock worth $69,000 after acquiring an additional 6,567 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Sendas Distribuidora during the third quarter worth $77,000. AQR Capital Management LLC lifted its position in Sendas Distribuidora by 44.4% in the 2nd quarter. AQR Capital Management LLC now owns 19,738 shares of the company's stock valued at $184,000 after acquiring an additional 6,068 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in Sendas Distribuidora in the 2nd quarter valued at $212,000. Institutional investors own 8.76% of the company's stock.
About Sendas Distribuidora
(
Get Free Report)
Sendas Distribuidora SA engages in the retail and wholesale sale of food products, bazaar items, and other products in Brazil. The company serves restaurants, pizzerias, snack bars, schools, small businesses, religious institutions, hospitals, hotels, grocery stores, neighborhood supermarkets, and individuals.
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