Sendas Distribuidora (NYSE:ASAI) Sets New 52-Week Low – Time to Sell?

Sendas Distribuidora S.A. (NYSE:ASAI) shares reached a new 52-week low on Wednesday . The stock traded as low as $5.90 and last traded at $5.90, with a volume of 108004 shares traded. The stock had previously closed at $6.19.

Analyst Upgrades and Downgrades

ASAI has been the topic of several research reports. JPMorgan Chase & Co. lowered shares of Sendas Distribuidora from an “overweight” rating to a “neutral” rating and set a $10.50 price objective on the stock. in a research note on Monday, September 9th. Hsbc Global Res upgraded shares of Sendas Distribuidora to a “strong-buy” rating in a research report on Tuesday, September 24th. Finally, Bank of America cut shares of Sendas Distribuidora from a “buy” rating to a “neutral” rating and set a $9.10 target price for the company. in a research report on Friday, September 13th.

Sendas Distribuidora Trading Up 2.2 %

The company has a current ratio of 0.84, a quick ratio of 0.45 and a debt-to-equity ratio of 4.18. The stock has a market cap of $1.62 billion, a P/E ratio of 11.30, a PEG ratio of 0.61 and a beta of 1.02. The firm’s 50-day simple moving average is $8.11 and its 200 day simple moving average is $10.50.

Sendas Distribuidora (NYSE:ASAI) last posted its earnings results on Thursday, August 8th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. The firm had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.60 billion. Sendas Distribuidora had a net margin of 0.95% and a return on equity of 14.49%. As a group, equities research analysts anticipate that Sendas Distribuidora S.A. will post 0.43 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Sendas Distribuidora by 6.0% in the first quarter. Vanguard Group Inc. now owns 1,124,903 shares of the company’s stock valued at $16,626,000 after acquiring an additional 63,227 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Sendas Distribuidora in the second quarter valued at approximately $810,000. Coronation Fund Managers Ltd. boosted its holdings in shares of Sendas Distribuidora by 23.6% in the second quarter. Coronation Fund Managers Ltd. now owns 7,441,629 shares of the company’s stock valued at $69,207,000 after acquiring an additional 1,422,458 shares in the last quarter. Royal London Asset Management Ltd. boosted its holdings in shares of Sendas Distribuidora by 97.8% in the fourth quarter. Royal London Asset Management Ltd. now owns 61,594 shares of the company’s stock valued at $851,000 after acquiring an additional 30,450 shares in the last quarter. Finally, Privium Fund Management B.V. boosted its holdings in shares of Sendas Distribuidora by 26.3% in the second quarter. Privium Fund Management B.V. now owns 13,928 shares of the company’s stock valued at $122,000 after acquiring an additional 2,900 shares in the last quarter. 8.76% of the stock is currently owned by institutional investors.

Sendas Distribuidora Company Profile

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.