Sendas Distribuidora S.A. (NYSE:ASAI - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $5.53, but opened at $5.40. Sendas Distribuidora shares last traded at $5.26, with a volume of 53,251 shares traded.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on ASAI shares. Hsbc Global Res upgraded shares of Sendas Distribuidora to a "strong-buy" rating in a report on Tuesday, September 24th. Bank of America lowered Sendas Distribuidora from a "buy" rating to a "neutral" rating and set a $9.10 price target on the stock. in a research note on Friday, September 13th. Finally, JPMorgan Chase & Co. downgraded Sendas Distribuidora from an "overweight" rating to a "neutral" rating and set a $10.50 price objective for the company. in a research note on Monday, September 9th.
View Our Latest Analysis on Sendas Distribuidora
Sendas Distribuidora Stock Performance
The company has a current ratio of 0.86, a quick ratio of 0.43 and a debt-to-equity ratio of 4.15. The stock's 50 day moving average is $6.23 and its 200 day moving average is $8.40. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 11.02, a PEG ratio of 0.44 and a beta of 0.92.
Institutional Investors Weigh In On Sendas Distribuidora
A number of large investors have recently bought and sold shares of ASAI. Vanguard Group Inc. boosted its stake in shares of Sendas Distribuidora by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 1,124,903 shares of the company's stock worth $16,626,000 after purchasing an additional 63,227 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Sendas Distribuidora during the second quarter worth approximately $810,000. Coronation Fund Managers Ltd. grew its stake in Sendas Distribuidora by 23.6% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 7,441,629 shares of the company's stock worth $69,207,000 after acquiring an additional 1,422,458 shares during the period. Sequoia Financial Advisors LLC acquired a new position in Sendas Distribuidora in the 3rd quarter valued at $77,000. Finally, Signaturefd LLC raised its holdings in 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 during the last quarter. Institutional investors and hedge funds 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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