Sendas Distribuidora S.A. (NYSE:ASAI - Get Free Report) hit a new 52-week low on Monday . The company traded as low as $4.80 and last traded at $4.80, with a volume of 3650 shares traded. The stock had previously closed at $4.81.
Wall Street Analysts Forecast Growth
ASAI has been the subject of several research analyst reports. Hsbc Global Res raised shares of Sendas Distribuidora to a "strong-buy" rating in a report on Tuesday, September 24th. Bank of America downgraded Sendas Distribuidora from a "buy" rating to a "neutral" rating and set a $9.10 price target for the company. in a report on Friday, September 13th. Finally, JPMorgan Chase & Co. cut Sendas Distribuidora from an "overweight" rating to a "neutral" rating and set a $10.50 price objective on the stock. in a report on Monday, September 9th.
View Our Latest Analysis on ASAI
Sendas Distribuidora Price Performance
The company has a market cap of $1.20 billion, a P/E ratio of 9.68, a P/E/G ratio of 0.44 and a beta of 0.92. The company's 50-day moving average price is $6.05 and its 200-day moving average price is $8.05. The company has a debt-to-equity ratio of 4.15, a current ratio of 0.86 and a quick ratio of 0.43.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of ASAI. Blue Trust Inc. grew its position in Sendas Distribuidora by 145.6% in the third quarter. Blue Trust Inc. now owns 3,716 shares of the company's stock valued at $26,000 after purchasing an additional 2,203 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Sendas Distribuidora by 186.4% in the 3rd quarter. Signaturefd LLC now owns 10,091 shares of the company's stock valued at $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 in the third quarter valued at about $77,000. Privium Fund Management B.V. raised its holdings in Sendas Distribuidora by 26.3% during the second quarter. Privium Fund Management B.V. now owns 13,928 shares of the company's stock worth $122,000 after acquiring an additional 2,900 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in 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 purchasing an additional 6,068 shares during the last quarter. 8.76% of the stock is currently owned by institutional investors.
Sendas Distribuidora Company Profile
(
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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