Sendas Distribuidora (OTCMKTS:ASAIY) Sees Unusually-High Trading Volume – Time to Buy?

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) saw unusually-strong trading volume on Tuesday . Approximately 44,629 shares traded hands during mid-day trading, an increase of 102% from the previous session’s volume of 22,040 shares.The stock last traded at $8.47 and had previously closed at $8.23.

Analyst Upgrades and Downgrades

Separately, Citigroup downgraded Sendas Distribuidora from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 27th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Sendas Distribuidora Trading Down 0.4%

The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 0.57 and a beta of 0.84. The company has a quick ratio of 0.54, a current ratio of 1.12 and a debt-to-equity ratio of 4.32. The company has a 50-day simple moving average of $7.50.

About Sendas Distribuidora

Sendas Distribuidora SA is a Brazilian retail and distribution company that operates in the grocery and consumer goods sector. The company’s core activities include operating retail outlets and managing distribution operations that supply food, beverages, household products and personal-care items to end consumers and commercial customers. Its business model centers on combining in-store retailing with logistics and supply-chain services to move fast‑moving consumer goods across its network.

Product categories handled by Sendas typically include fresh and packaged foods, dairy and frozen goods, beverages, cleaning and household supplies, and health and beauty products.