Shares of Sendas Distribuidora S.A. (NYSE:ASAI - Get Free Report) saw strong trading volume on Friday . 5,757,595 shares were traded during mid-day trading, an increase of 1,200% from the previous session's volume of 443,029 shares.The stock last traded at $4.59 and had previously closed at $4.40.
Analysts Set New Price Targets
ASAI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut shares of Sendas Distribuidora from an "overweight" rating to a "neutral" rating and set a $10.50 price target for the company. in a research note on Monday, September 9th. Hsbc Global Res upgraded Sendas Distribuidora to a "strong-buy" rating in a report on Tuesday, September 24th. Finally, Bank of America lowered Sendas Distribuidora from a "buy" rating to a "neutral" rating and set a $9.10 target price on the stock. in a research note on Friday, September 13th.
Get Our Latest Research Report on Sendas Distribuidora
Sendas Distribuidora Stock Performance
The firm has a 50 day moving average of $5.93 and a 200-day moving average of $7.90. The company has a market cap of $1.25 billion, a P/E ratio of 10.02, a PEG ratio of 0.44 and a beta of 0.92. The company has a quick ratio of 0.43, a current ratio of 0.86 and a debt-to-equity ratio of 4.15.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its position in Sendas Distribuidora by 145.6% during the 3rd quarter. Blue Trust Inc. now owns 3,716 shares of the company's stock valued at $26,000 after acquiring an additional 2,203 shares in the last quarter. Signaturefd LLC boosted its position in Sendas Distribuidora by 186.4% during the third quarter. Signaturefd LLC now owns 10,091 shares of the company's stock valued at $69,000 after purchasing an additional 6,567 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in Sendas Distribuidora in the third quarter valued at about $77,000. Privium Fund Management B.V. raised its holdings in Sendas Distribuidora by 26.3% in the second quarter. Privium Fund Management B.V. now owns 13,928 shares of the company's stock worth $122,000 after purchasing an additional 2,900 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Sendas Distribuidora by 44.4% during the second quarter. AQR Capital Management LLC now owns 19,738 shares of the company's stock valued at $184,000 after buying an additional 6,068 shares during the last quarter. 8.76% of the stock is currently owned by institutional investors.
About Sendas Distribuidora
(
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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.
See Also
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