Sendas Distribuidora S.A. (NYSE:ASAI - Get Free Report)'s share price rose 5.3% during mid-day trading on Thursday . The stock traded as high as $4.34 and last traded at $4.34. Approximately 368,795 shares were traded during mid-day trading, a decline of 12% from the average daily volume of 419,360 shares. The stock had previously closed at $4.12.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on ASAI. JPMorgan Chase & Co. downgraded shares of Sendas Distribuidora from an "overweight" rating to a "neutral" rating and set a $10.50 price objective for the company. in a report on Monday, September 9th. Bank of America lowered shares of Sendas Distribuidora from a "buy" rating to a "neutral" rating and set a $9.10 price target for the company. in a research report on Friday, September 13th. Finally, Hsbc Global Res raised Sendas Distribuidora to a "strong-buy" rating in a report on Tuesday, September 24th.
Check Out Our Latest Stock Report on Sendas Distribuidora
Sendas Distribuidora Stock Up 6.8 %
The stock has a market capitalization of $1.19 billion, a P/E ratio of 9.57, a P/E/G ratio of 0.44 and a beta of 0.92. 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 firm's fifty day moving average is $5.95 and its 200-day moving average is $7.95.
Institutional Investors Weigh In On Sendas Distribuidora
A number of large investors have recently bought and sold shares of ASAI. Coronation Fund Managers Ltd. grew its holdings in Sendas Distribuidora by 23.6% during 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 last quarter. Renaissance Technologies LLC bought a new stake in shares of Sendas Distribuidora during the second quarter valued at approximately $810,000. Walleye Capital LLC acquired a new stake in shares of Sendas Distribuidora in the third quarter valued at approximately $535,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Sendas Distribuidora in the third quarter valued at approximately $258,000. Finally, Centiva Capital LP raised its position in Sendas Distribuidora by 208.1% in the 3rd quarter. Centiva Capital LP now owns 47,857 shares of the company's stock worth $329,000 after purchasing an additional 32,326 shares during the last quarter. 8.76% of the stock is currently owned by institutional investors.
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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